-Gabriel Operates a Ranch in Idaho Where He Raises Cattle

question 85

Multiple Choice

-Gabriel operates a ranch in Idaho where he raises cattle and grows potatoes.The figure above illustrates his production possibilities frontier.What is Gabriel's opportunity cost of growing another ton of potatoes?

• A) 400 cows
• B) 80 cows
• C) 100 cows
• D) 0 cows
• E) 1 ton of potatoes

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Definitions:

Title

Legal ownership of property, including the rights to use, possess, and transfer the property.

U.S. Constitution

The foundational legal document establishing the framework of the federal government and outlining the rights of American citizens.

Private Property

Land or possessions owned by individuals or corporations rather than by the government or public as a whole.

Public Use

Utilization of land or property by the general public or government entities, often a criterion in eminent domain cases.