Suppose a gardener produces both green beans and corn in her garden. If she must give up 13 bushels of corn to get 5 bushels of green beans, what is the opportunity cost of 1 bushel of green beans?
A)0.38 bushel of corn.
B)2.6 bushels of corn.
C)8 bushels of corn.
D)18 bushels of corn.

Question

Quizplus · Accepted Answer

The opportunity cost of 1 bushel of green beans is the amount of corn the gardener gives up per bushel of green beans gained. From the problem, we know that the garden must give up 13 bushels of corn to get 5 bushels of green beans. So, the opportunity cost of 1 bushel of green beans is 13/5, which simplifies to 2.6 bushels of corn. Therefore, the best answer is B.

Suppose a Gardener Produces Both Green Beans and Corn in Her