Multiple Choice
Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.
-Refer to Table 3-23. The opportunity cost of 1 pound of pork for the farmer is
A) 1/2 pound of tomatoes.
B) 1/2 hour of labor.
C) 2 pounds of tomatoes.
D) 2 hours of labor.
Correct Answer:

Verified
Correct Answer:
Verified
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