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 pound of pork?
A) 3/5 bushel of corn
B) 6/5 bushels of corn
C) 4/3 bushels of corn
D) 5/3 bushels of corn

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 pound of pork?
A) 3/5 bushel of corn 
B) 6/5 bushels of corn 
C) 4/3 bushels of corn 
D) 5/3 bushels of corn

Quizplus · Accepted Answer

Sardi's opportunity cost of producing one pound of pork is the amount of corn he could have produced instead. If Sardi can produce 5 pounds of pork or 3 bushels of corn, the opportunity cost of 1 pound of pork is 3/5 bushel of corn.

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