Below is a production possibilities curve for a large tract of prairie farm land. Quantity of rye 400 300 200 100 100 200 300 400 500 600 Quantity of wheat Refer to the graph above to answer this question. What is the opportunity cost of 1 unit of rye? Select one: O a. 0.5 units of wheat. O b. 2 units of wheat. O c. 5 units of wheat. O d. $400.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Below is a production possibilities curve for a large tract of prairie farm land.
Quantity of rye
400
300
200
100
100 200 300
400 500 600
Select one:
O a. 0.5 units of wheat.
O b. 2 units of wheat.
O c. 5 units of wheat.
O d. $400.
Quantity of wheat
Refer to the graph above to answer this question. What is the opportunity cost of 1 unit of rye?
Transcribed Image Text:Below is a production possibilities curve for a large tract of prairie farm land. Quantity of rye 400 300 200 100 100 200 300 400 500 600 Select one: O a. 0.5 units of wheat. O b. 2 units of wheat. O c. 5 units of wheat. O d. $400. Quantity of wheat Refer to the graph above to answer this question. What is the opportunity cost of 1 unit of rye?
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