Table 3-1
Assume that Sardi and Tinaka can switch between producing corn and producing pork at a constant rate.

-Refer to Table 3-1.What is Sardi's opportunity cost of producing one bushel of corn?
A) 3/5 pound of pork
B) 6/5 pounds of pork
C) 4/3 pounds of pork
D) 5/3 pounds of pork

Question

Table 3-1
Assume that Sardi and Tinaka can switch between producing corn and producing pork at a constant rate.
 
-Refer to Table 3-1.What is Sardi's opportunity cost of producing one bushel of corn?
A) 3/5 pound of pork 
B) 6/5 pounds of pork 
C) 4/3 pounds of pork 
D) 5/3 pounds of pork

Quizplus · Accepted Answer

The opportunity cost of producing one bushel of corn is the amount of pork that could have been produced instead. If Sardi's opportunity cost is 5/3 pounds of pork, it means for every bushel of corn produced, Sardi foregoes producing 5/3 pounds of pork.

Table 3-1 Assume That Sardi and Tinaka Can Switch Between Producing Corn