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    Table 3-23 Assume That the Farmer and the Rancher Can Switch Between
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Table 3-23 Assume That the Farmer and the Rancher Can Switch Between

Question 8

Question 8

Multiple Choice

Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.
​ 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 tomatoes for the rancher is A) 1 pound of pork. B) 1 hour of labor. C) 1.5 pounds of pork. D) 1.5 hours of labor.
-Refer to Table 3-23. The opportunity cost of 1 pound of tomatoes for the rancher is


A) 1 pound of pork.
B) 1 hour of labor.
C) 1.5 pounds of pork.
D) 1.5 hours of labor.

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