Labour hours needed to make 1 kilogram: Meat 4 14 Kilograms produced in 40 hours: Potatoes Meat Potatoes Farmer Rancher 1 10 40 10 8. Cefer to Table 3-2. What is the opportunity cost of 1 kilogram of meat for the farmer? elect one: O a. 1/4 kilogram of potatoes cre O b. 4 kilograms of potatoes cro O c. 4 hours of labour cro O d. 1/4 hour of labour crc
Labour hours needed to make 1 kilogram: Meat 4 14 Kilograms produced in 40 hours: Potatoes Meat Potatoes Farmer Rancher 1 10 40 10 8. Cefer to Table 3-2. What is the opportunity cost of 1 kilogram of meat for the farmer? elect one: O a. 1/4 kilogram of potatoes cre O b. 4 kilograms of potatoes cro O c. 4 hours of labour cro O d. 1/4 hour of labour crc
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Table 3-2
Labour hours
needed to make 1
kilogram:
Meat
4
Kilograms produced
in 40 hours:
Potatoes
Meat
Potatoes
Farmer
1
10
40
Rancher
10
8
Refer to Table 3-2. What is the opportunity cost of 1 kilogram of meat for the farmer?
Select one:
O a. 1/4 kilogram of potatoes
cross out
O b. 4 kilograms of potatoes
cross out
Oc. 4 hours of labour
cross out
O d. 1/4 hour of labour
cross out](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc005f93f-9ca7-48bd-9d95-bc30f52bf5de%2F9ae437a8-9eb9-4ead-87c3-2f9ad076e702%2Fkj1k9ek_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Table 3-2
Labour hours
needed to make 1
kilogram:
Meat
4
Kilograms produced
in 40 hours:
Potatoes
Meat
Potatoes
Farmer
1
10
40
Rancher
10
8
Refer to Table 3-2. What is the opportunity cost of 1 kilogram of meat for the farmer?
Select one:
O a. 1/4 kilogram of potatoes
cross out
O b. 4 kilograms of potatoes
cross out
Oc. 4 hours of labour
cross out
O d. 1/4 hour of labour
cross out
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