Scenario: The following production possibilities schedules and curves represent the amount of corn and alfalfa that can be produced on an acre of land in Idaho and Iowa.

These production possibilities schedules are shown in the following figure.

-Refer to the scenario above.The opportunity cost of a bushel of corn in Iowa is ________.
A) of a ton of alfalfa
B) 1 ton of alfalfa
C) 6 tons of alfalfa
D) 40 tons of alfalfa

Question

Scenario: The following production possibilities schedules and curves represent the amount of corn and alfalfa that can be produced on an acre of land in Idaho and Iowa.
  
These production possibilities schedules are shown in the following figure.
 
-Refer to the scenario above.The opportunity cost of a bushel of corn in Iowa is ________.
A) of a ton of alfalfa 
B) 1 ton of alfalfa 
C) 6 tons of alfalfa 
D) 40 tons of alfalfa

Quizplus · Accepted Answer

The Answer of Scenario: The following production possibilities schedules and curves represent the amount of corn and alfalfa that can be produced on an acre of land in Idaho and Iowa.
  
These production possibilities schedules are shown in the following figure.
 
-Refer to the scenario above.The opportunity cost of a bushel of corn in Iowa is ________.
A) of a ton of alfalfa 
B) 1 ton of alfalfa 
C) 6 tons of alfalfa 
D) 40 tons of alfalfa

Scenario: the Following Production Possibilities Schedules and Curves Represent the Amount