Table 3-23 Assume That the Farmer and the Rancher Can Switch Between

question 64

Multiple Choice

Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.
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-Refer to Table 3-23. The opportunity cost of 1 pound of pork for the farmer is

• A)1/2 pound of tomatoes.
• B)1/2 hour of labor.
• C)2 pounds of tomatoes.
• D)2 hours of labor.