A Small Landscaping Firm Purchases a Tractor That,in One Day,is

Multiple Choice

A small landscaping firm purchases a tractor that,in one day,is capable of drilling 60 fence-post holes or removing 12 tree stumps (or some intermediate combination) .For this landscaper,what is the opportunity cost of removing one extra tree stump?

A) 1/12th of the cost of the tractor
B) 1/5 of the cost of the tractor
C) drilling 12 fence-post holes
D) drilling 5 fence-post holes
E) there is no opportunity cost