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Labour hours needed to make 1 kilogram: Kilograms produced in 36 hours: Meat Potatoes Meat Potatoes Farmer 9 3 4 12 Rancher 3 4 12
Labour hours needed to make 1 kilogram: Kilograms produced in 36 hours: Meat Potatoes Meat Potatoes Farmer 9 3 4 12 Rancher 3 4 12 9 Refer to the table. What is the opportunity cost of 1 kg of meat for the farmer? Question 6 options: a) 1/3 hour of labour b) 3 hours of labour c) 1/3 kg of potatoes d) 3 kg of potatoes
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