Question: If the farm uses its resources efficiently, what is the opportunity cost of an increase in chicken production from 300 pounds to 500 pounds a
If the farm uses its resources efficiently, what is the opportunity cost of an increase in chicken production from 300 pounds to 500 pounds a year? Explain your answer.
Use the table, which shows a farms production possibilities,

Soybean (bushels Chicken (pounds per year) per year) 500 and 300 400 and 200 and 500 and 550
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