Exhibit 21-3 Potatoes and wheat output (tons per day)

-In Exhibit 21-3,Ireland's opportunity cost of producing one unit of wheat is:

Name: Exhibit 21-3 Potatoes and wheat output (tons per day) -In Exhibit 21-3,Ireland's opportunity cost of producing one unit of wheat is:
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Exhibit 21-3 Potatoes and wheat output (tons per day)
 
-In Exhibit 21-3,Ireland's opportunity cost of producing one unit of wheat is:

Quizplus · Accepted Answer

According to the exhibit, Ireland can produce 3 tons of potatoes or 1 ton of wheat per day. Therefore, the opportunity cost of producing one unit of wheat is giving up 3 tons of potatoes (Option B).

Exhibit 21-3 Potatoes and Wheat Output (Tons Per Day)