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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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