Suppose an Acre of Land Yields 100 Bushels of Corn

question 356

Multiple Choice

Suppose an acre of land yields 100 bushels of corn and that one bushel of corn provides enough seed for one-quarter of an acre of land. The opportunity cost of consuming another 100 bushels of corn today is

• A) 100 bushels of corn next year.
• B) 25 bushels of corn next year.
• C) 10 bushels of corn next year.
• D) 2.5 bushels of corn next year.

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