Question: answer this Table 3-1 Labour hours needed to make 1 kilogram: Kilograms produced in 40 hours: Meat Potatoes Meat Potatoes Farmer 8 2 5 20

answer this

Table 3-1 Labour hours needed to make 1 kilogram: Kilograms produced in 40 hours: Meat Potatoes Meat Potatoes Farmer 8 2 5 20 Rancher 4 10 Refer to Table 3-1. What is the opportunity cost of 1 kg of meat for the farmer? Select one: a. 4 kg of potatoes b. 4 hours of labour O c. 1/4 hour of labour O d. 1/4 kg of potatoes
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
