Use the Production Possibilities Data Below to Answer the Following

question 29

Multiple Choice

Use the production possibilities data below to answer the following question(s) .
Table 2-3

-Refer to Table 2-3. The opportunity cost of 1 pound of meat for the rancher is

• A) 4 hours of labor.
• B) 5 hours of labor.
• C) 4/5 pounds of potatoes.
• D) 5/4 pounds of potatoes.

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