Scenario 17.1
The data in the table tell us that both the United States and Mexico produce wheat and beef. The United States can make 6 bushels of wheat or 1 pound of beef in a day. Mexico can make 2 bushels of wheat or 4 pounds of beef in a day.
-In the table in Scenario 17.1, what is the opportunity cost of 1 bushel of wheat in the United States?
A) 1/6 pound of beef
B) 1 pound of beef
C) 6 pounds of beef
D) 2 pounds of beef
E) None of these
Correct Answer:
Verified
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