Table 3-1 Suppose a farmer is currently producing 50 bushels of corn and 10 bushels of peanuts. According to Table 3-1, the opportunity cost of 10 additional bushels of peanuts is
A) 8 bushels of corn.
B) 42 bushels of corn.
C) 50 bushels of corn.
D) impossible to determine from the information given.

Question

Table 3-1  Suppose a farmer is currently producing 50 bushels of corn and 10 bushels of peanuts. According to Table 3-1, the opportunity cost of 10 additional bushels of peanuts is
A) 8 bushels of corn. 
B) 42 bushels of corn. 
C) 50 bushels of corn. 
D) impossible to determine from the information given.

Quizplus · Accepted Answer

The Answer of Table 3-1  Suppose a farmer is currently producing 50 bushels of corn and 10 bushels of peanuts. According to Table 3-1, the opportunity cost of 10 additional bushels of peanuts is
A) 8 bushels of corn. 
B) 42 bushels of corn. 
C) 50 bushels of corn. 
D) impossible to determine from the information given.

Table 3-1 Suppose a Farmer Is Currently Producing 50