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Use the Production Possibilities Data Below to Answer the Following

Question 229

Multiple Choice

Use the production possibilities data below to answer the following question(s) .
Table 2-3
Use the production possibilities data below to answer the following question(s) . Table 2-3 Refer to Table 2-3. The opportunity cost of 1 pound of meat for the rancher is A) 4 hours of labor. B) 5 hours of labor. C) 4/5 pounds of potatoes. D) 5/4 pounds of potatoes.
Refer to Table 2-3. The opportunity cost of 1 pound of meat for the rancher is


A) 4 hours of labor.
B) 5 hours of labor.
C) 4/5 pounds of potatoes.
D) 5/4 pounds of potatoes.

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