Question
A rancher can produce 10 Kilograms of meat in 40 hours. Alternatively, he can produce 8 kilograms of potatoes in the same 40 hours. What
A rancher can produce 10 Kilograms of meat in 40 hours. Alternatively, he can produce 8 kilograms of potatoes in the same 40 hours. What is the opportunity cost of 1 kg of potatoes for the rancher?
A. 4 hours of labour
B. 5 Hours of Labour
C. 5/4 kg of meat
D. 4/5 kg of meat
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann
1st Edition
0324359810, 9780324359817
