Figure 3-1 -Refer to Figure 3-1.Suppose Paul Must Work 2 Hours to Work

Multiple Choice

Figure 3-1

-Refer to Figure 3-1.Suppose Paul must work 2 hours to produce each bushel of corn.Then Paul

A) must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat.
B) must work 0.4 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat.
C) must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 0.8 bushels of wheat.
D) must work 2.5 hours to produce each bushel of wheat, and his opportunity cost of a bushel of corn is 1.25 bushels of wheat.