-Jane Produces Only Corn, Measured in Tons, and Cloth, Measured

question 234

Multiple Choice

-Jane produces only corn, measured in tons, and cloth, measured in bolts. For her, the opportunity cost of one more ton of corn is

• A) the same as the opportunity cost of one more bolt of cloth.
• B) the inverse of the opportunity cost of one more bolt of cloth.
• C) the ratio of all the bolts of cloth she produces to all the tons of corn she produces.
• D) the ratio of all the tons of corn she produces to all the bolts of cloth she produces.

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