Solved

Suppose a Gardener Produces Both Green Beans and Corn in Her

Question 85

Multiple Choice

Suppose a gardener produces both green beans and corn in her garden.If the opportunity cost of one bushel of corn is 3/5 bushel of green beans,what is the opportunity cost of 1 bushel of green beans?


A) 2/5 bushel of corn
B) 8/5 bushels of corn
C) 5/2 bushels of corn
D) 5/3 bushels of corn

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q73: Figure 3-5
These graphs illustrate the production possibilities

Q81: Currently,a farmer can either grow 40 bushels

Q81: Table 3-4
Table 3-4 </p></div><svg width=

Q86: Table 3-4
Table 3-4 </p></div><svg width=

Q89: Figure 3-5
These graphs illustrate the production possibilities

Q91: What is comparative advantage based on?
A) capital

Q91: Table 3-4
Table 3-4 </p></div><svg width=

Q92: South Korea can produce shoes, clothes, TV

Q95: For two people who are planning to

Q96: What is trade based on?
A) absolute advantage
B)

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents