If a farmer's opportunity cost of producing 50,000 bushels of wheat is 20,000 fewer bushels of soybeans, then her opportunity cost of producing 50,000 bushels of soybeans must also be 20,000 fewer bushels of wheat.

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Quizplus · Accepted Answer

Opportunity cost is not necessarily symmetric. It depends on the relative productivity and resource allocation for each crop, which can differ.

If a Farmer's Opportunity Cost of Producing 50,000 Bushels of Wheat