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    Exam 3: The Fundamental Economic Problem: Scarcity and Choice
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    -Suppose a Farmer Produces 50 Bushels of Corn and 10
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-Suppose a Farmer Produces 50 Bushels of Corn and 10

Question 56

Question 56

Multiple Choice


     -Suppose a farmer produces 50 bushels of corn and 10 bushels of peanuts.According to Table 3-1, the opportunity cost of 10 more bushels of peanuts is A) 8 bushels of corn. B) 42 bushels of corn. C) 50 bushels of corn. D) impossible to determine from the information given.
-Suppose a farmer produces 50 bushels of corn and 10 bushels of peanuts.According to Table 3-1, the opportunity cost of 10 more bushels of peanuts is


A) 8 bushels of corn.
B) 42 bushels of corn.
C) 50 bushels of corn.
D) impossible to determine from the information given.

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