Refer to the information provided in Figure 19.1 below to answer the questions that follow.
Figure 19.1
-Refer to Figure 19.1.The opportunity cost of producing a bushel of soybeans in the United States is

Question

Refer to the information provided in Figure 19.1 below to answer the questions that follow.
  Figure 19.1
-Refer to Figure 19.1.The opportunity cost of producing a bushel of soybeans in the United States is

Quizplus · Accepted Answer

According to the information provided in Figure 19.1, the opportunity cost of producing a bushel of soybeans in the United States is 2 bushels of alfalfa. This means that to produce one bushel of soybeans, two bushels of alfalfa must be given up. Therefore, the best choice would be to produce soybeans if the price of soybeans is greater than double the price of alfalfa.

Refer to the Information Provided in Figure 19