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Suppose a gardener produces both green bean and corn in her garden. If she must give up 14 bushels of corn to get 5 bushels of green beans, then her opportunity cost of 1 bushel of green beans is ____
(A) 0.36 bushel of corn.
(B) 2.4 bushels of corn.
(C) 2.8 bushels of corn.
(D) 70 bushels of corn.

Respuesta :

Answer:

(C) 2.8 bushels of corn.

Explanation:

We are provided that gardener produces corn and green beans.

The gardener can either produce 14 bushels of corn,

or,

5 bushels of green beans.

That means for each bushel of corn = 5/14 = 0.36 bushel of green beans.

Thus for the asked information,

And for every bushel of green beans = 14/5 = 2.8 bushels of corn.

Correct option is

(C) 2.8 bushels of corn.

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