Use the production possibilities data below to answer the following question(s). Table 2-3
Refer to Table 2-3. The opportunity cost of 1 pound of potatoes for the farmer is
A) 8 hours of labor.
B) 2 hours of labor.
C) 4 pounds of meat.
D) 1/4 pound of meat.

Question

Use the production possibilities data below to answer the following question(s). Table 2-3
 Refer to Table 2-3. The opportunity cost of 1 pound of potatoes for the farmer is
A) 8 hours of labor. 
B) 2 hours of labor. 
C) 4 pounds of meat. 
D) 1/4 pound of meat.

Quizplus · Accepted Answer

The Answer of Use the production possibilities data below to answer the following question(s). Table 2-3
 Refer to Table 2-3. The opportunity cost of 1 pound of potatoes for the farmer is
A) 8 hours of labor. 
B) 2 hours of labor. 
C) 4 pounds of meat. 
D) 1/4 pound of meat.

Use the Production Possibilities Data Below to Answer the Following