Currently, a Farmer Can Either Grow 40 Bushels of Wheat

question 27

Multiple Choice

Currently, a farmer can either grow 40 bushels of wheat or 120 bushels of corn per acre. If he were able to trade 80 bushels of corn for 30 bushels of wheat, would he be better off or worse off?

• A)Worse off because his opportunity cost of wheat would increase from 2.7 bushels of corn to 3 bushels of corn.
• B)Better off because his opportunity cost of wheat would fall from 80 bushels to 50 bushels.
• C)Better off because his opportunity cost of wheat would fall from 3 bushels of corn to 2.7 bushels.
• D)There is not enough information to answer this question.

---

Definitions:

American Indians

Indigenous peoples of the United States, also known as Native Americans, with distinct cultures, languages, and historical backgrounds.

Non-Hispanic White

Refers to individuals who identify as white but do not have a Hispanic or Latino background, used in demographic contexts.

African Americans

A racial or ethnic group in the United States characterized by descendants of African ancestral origins.

Shneidman

Edwin Shneidman, a psychologist known for his foundational work in the field of suicidology, the study of suicide and suicide prevention.