Question: Table 3-2 Labour Hours Kilograms Needed to Make Produced in 40 l kilogram of: Hours: Meat Potatoes Meat Potatoes Farmer 4 1 10 40 Rancher

Table 3-2 Labour Hours Kilograms Needed to Make Produced in 40 l kilogram of: Hours: Meat Potatoes Meat Potatoes Farmer 4 1 10 40 Rancher 4 S 10 8 8. Refer to Table 3-2. What is the opportunity cost of l kilogram of meat for the Rancher? a. 4 hours of labour. b. 5 hours of labour. 0. 5/4 kilograms of potatoes. d. 4/5 kilogram of potatoes

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