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Table 3-4 Assume That the Farmer and the Rancher Can Switch Between

Question 210

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Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.
Table 3-4 Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate. -Refer to Table 3-4.The opportunity cost of 1 pound of potatoes for the farmer is A) 1/5 pound of meat. B) 2 hours of labor. C) 5 pounds of meat. D) 5 hours of labor.
-Refer to Table 3-4.The opportunity cost of 1 pound of potatoes for the farmer is


A) 1/5 pound of meat.
B) 2 hours of labor.
C) 5 pounds of meat.
D) 5 hours of labor.

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