Labour hours need to make 1 kilogram Мeat Potatoes Farmer Rancher 3 4 Refer to Table. What is the opportunity cost of 1 kg of potatoes for the rancher? a. 4 hours of labour b. 3 hours of labour C. 4/3 kg of meat d. 3/4kg of meat 3.

Labour hours need to make 1 kilogram Мeat Potatoes Farmer Rancher 3 4 Refer to Table. What is the opportunity cost of 1 kg of potatoes for the rancher? a. 4 hours of labour b. 3 hours of labour C. 4/3 kg of meat d. 3/4kg of meat 3.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Labour hours need to make 1
kilogram
Meat
Potatoes
Farmer
9
Rancher
3
4
Refer to Table. What is the opportunity cost of 1 kg of potatoes for the
rancher?
a.
4 hours of labour
b.
3 hours of labour
4/3 kg of meat
C.
d.
3/4kg of meat
3.

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