$\begin{array} { l | c c c }
& \begin{array} { l }
\text { Potatoes } \
\text { (pounds) }
\end{array} && \begin{array} { c }
\text { Tomatoes } \
\text { (pounds) }
\end{array} \
\hline \text { Huey } & 12 & \text { or } & 8 \
\text { Steve } & 6 & \text { or } & 2
\end{array}$
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Huey and Steve can grow potatoes or tomatoes. The table above shows the pounds of potatoes and tomatoes Huey and Steve can grow in a week. Based on the table, Huey's opportunity cost of producing one pound of tomatoes is

A)0.66 pound of potatoes.
B)0, because he has an absolute advantage in it.
C)1.0 pound of potatoes.
D)1.5 pounds of potatoes.
E)0, because he has a comparative advantage in it.

Question

$\begin{array} { l | c c c } 
& \begin{array} { l } 
\text { Potatoes } \
\text { (pounds) }
\end{array} && \begin{array} { c } 
\text { Tomatoes } \
\text { (pounds) }
\end{array} \
\hline \text { Huey } & 12 & \text { or } & 8 \
\text { Steve } & 6 & \text { or } & 2
\end{array}$
-
Huey and Steve can grow potatoes or tomatoes. The table above shows the pounds of potatoes and 	 tomatoes Huey and Steve can grow in a week. Based on the table, Huey's opportunity cost of producing one pound of tomatoes is

A)0.66 pound of potatoes.
B)0, because he has an absolute advantage in it.
C)1.0 pound of potatoes.
D)1.5 pounds of potatoes.
E)0, because he has a comparative advantage in it.

Quizplus · Accepted Answer

Huey's opportunity cost of producing one pound of tomatoes is the amount of potatoes he forgoes, which is 12 pounds of potatoes divided by 8 pounds of tomatoes, equaling 1.5 pounds of potatoes.

- Huey and Steve Can Grow Potatoes or Tomatoes

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Huey and Steve Can Grow Potatoes or Tomatoes