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Table 3-4 Assume That the Farmer and the Rancher Can Switch Between

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Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.
Table 3-4 Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.    -Refer to Table 3-4.The opportunity cost of 1 pound of meat for the farmer is A)  1/4 pound of potatoes. B)  1/4 hour of labor. C)  4 pounds of potatoes. D)  8 hours of labor.
-Refer to Table 3-4.The opportunity cost of 1 pound of meat for the farmer is


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