Assume a Hypothetical Economy Where Cloth and Wheat Can Be

Multiple Choice

Assume a hypothetical economy where cloth and wheat can be produced. What is the opportunity cost of producing wheat in this economy?

A) the amount of cloth that must be given up to produce one more unit of wheat
B) the amount of money received by selling wheat
C) the number of workers it takes to produce all the wheat
D) More information is needed to answer the question.