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A Farmer Has the Ability to Grow Either Corn or Cotton

Question 61

Multiple Choice

A farmer has the ability to grow either corn or cotton or some combination of the two.Given no other information,it follows that the farmer's opportunity cost of a bushel of corn multiplied by his opportunity cost of a bushel of cotton


A) is equal to 1.
B) is greater than 1 but less than 2.
C) is equal to 2.
D) Not enough information is given to make this determination.

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