Question: Complete the table below. Option Quantity of Rice (Qr) Quantity of Corn (Qc) QR QC QC/QR A B 1800 200 -200 C -300 -1.5 D
Complete the table below.
| Option | Quantity of Rice (Qr) | Quantity of Corn (Qc) | QR | QC | QC/QR |
| A | |||||
| B | 1800 | 200 | -200 | ||
| C | -300 | -1.5 | |||
| D | 200 | -2.0 | |||
| E | 200 | -500 | |||
| F | 1000 |
Base your answers here on the completed table. State whether the following statements are true or false.
- The farmer is specializing in the production of rice at option F.
- The farmer can raise its output of rice by 200 units if he/she raises the output of corn by 200 units.
- Between Options B and C, the opportunity cost of producing an extra unit of rice is 1.5 of corn.
- Between Options B and C, the opportunity cost of producing an extra unit of corn is 2/3 of a unit of rice.
- The production possibilities frontier shows that the opportunity cost of producing rice is increasing as more rice is produced.
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