Suppose a Gardener Produces Both Green Beans and Corn in Her

question 83

Multiple Choice

Suppose a gardener produces both green beans and corn in her garden.If the opportunity cost of one bushel of corn is 3/5 bushel of green beans,what is the opportunity cost of 1 bushel of green beans?

• A)2/5 bushel of corn
• B)8/5 bushels of corn
• C)5/2 bushels of corn
• D)5/3 bushels of corn

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Definitions:

Logistics Department

A division within a company that is responsible for overseeing the flow of goods and materials from suppliers to the end customer, including storage and transportation.

Operating Divisions

Separate segments or areas of a business that perform operations or services distinct from the company's primary business.

Variable Costs

Expenses that directly fluctuate with the amount of goods produced or the extent of services offered.

Fixed Costs

Costs that remain constant regardless of production or sales volume, like lease payments and wages.