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