Question

Suppose a gardener produces both green beans and corn in her garden. If she must give up 14 bushels of corn to get 5 bushels of green beans, then her opportunity cost of 1 bushel of green beans is:__________a. 0.36 bushel of corn.b. 2.4 bushels of corn.c. 2.8 bushels of corn.d. 70 bushels of corn

Answer 1

Answer:

2.8 bushels of corn.

Explanation:

Opportunity cost of producing one bushel of green beans = 14 bushels of corn / 5 bushels of green beans = 2.8 bushels of corn

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