Multiple Choice
-Refer to Table 3-1. What is the opportunity cost of 1 kg of meat for the farmer?
A) 1/3 hour of labour
B) 3 hours of labour
C) 1/3 kg of potatoes
D) 3 kg of potatoes
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q90: Some countries win in international trade, while
Q148: Unless two people who are producing two
Q149: Trade allows a person to obtain goods
Q150: Suppose that the country of Atlantis chose
Q151: A baker can produce only bread, while
Q152: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q154: Using all available resources, if a farmer
Q155: It takes Barbara 3 hours to make
Q157: Which of the following do economists generally
Q158: Deb grows flowers and makes vases. D'Arcy