Meat(pounds)120A90В6030Vegetables(pounds)206080100120140160The opportunity cost of meat when moving from C to B is:1/3 of a lb of vegetables per Ib of meat60 Ibs of meat per lb of vegetables3 Ibs of vegetables per Ib of meat20 Ibs of vegetables per lb of meat40

Opportunity cost measures the trade-off between two goods that is a good need to be given off in…

Meat (pounds) 120 A 90 В 60 Vegetables (pounds) 20 40 60 80 100 120 140 160 The opportunity cost of meat when moving from C to B is: O 1/3 of a lb of vegetables per Ib of meat 60 lbs of meat per lb of vegetables 3 lbs of vegetables per Ib of meat 20 Ibs of vegetables per lb of meat 30

Meat (pounds) 120 A 90 В 60 Vegetables (pounds) 20 40 60 80 100 120 140 160 The opportunity cost of meat when moving from C to B is: O 1/3 of a lb of vegetables per Ib of meat 60 lbs of meat per lb of vegetables 3 lbs of vegetables per Ib of meat 20 Ibs of vegetables per lb of meat 30

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter32: The Land Market And Natural Resources

Section: Chapter Questions

Problem 8E

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Question

Meat
(pounds)
120
A
90
В
60
30
Vegetables
(pounds)
20
60
80
100
120
140
160
The opportunity cost of meat when moving from C to B is:
1/3 of a lb of vegetables per Ib of meat
60 Ibs of meat per lb of vegetables
3 Ibs of vegetables per Ib of meat
20 Ibs of vegetables per lb of meat
40

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