If farmer Sam MacDonald can produce 200 pounds of cabbages and no potatoes or no cabbages and 100 pounds of potatoes and if he faces a linear production possibility frontier,the opportunity cost of producing an additional pound of cabbage is _____ pound(s) of potatoes.

A) 0.5
B) 2
C) 100
D) 200

Question

Surbhi Sachdeva · Accepted Answer

Final Answer : A, Explanation :  The opportunity cost of producing an additional pound of cabbage is 0.5 pounds of potatoes, as moving from 0 to 200 pounds of cabbages means giving up 100 pounds of potatoes, leading to an opportunity cost of 100/200 = 0.5 pounds of potatoes per pound of cabbage.

If farmer Sam MacDonald can produce 200 pounds of cabbages and no potatoes or no cabbages and 100 pounds of potatoes and if he faces a linear production possibility frontier,the opportunity cost of producing an additional pound of cabbage is _____ pound(s) of potatoes.

A) 0.5
B) 2
C) 100
D) 200

Definitions

Learning Objectives

Learning Objectives

Related questions

If farmer Sam MacDonald can produce 200 pounds of cabbages and no potatoes or no cabbages and 100 pounds of potatoes and if he faces a linear production possibility frontier,the opportunity cost of producing an additional pound of cabbage is _____ pound(s) of potatoes.A) 0.5B) 2C) 100D) 200

Definitions

Learning Objectives

Learning Objectives

Related questions

If farmer Sam MacDonald can produce 200 pounds of cabbages and no potatoes or no cabbages and 100 pounds of potatoes and if he faces a linear production possibility frontier,the opportunity cost of producing an additional pound of cabbage is _____ pound(s) of potatoes.

A) 0.5
B) 2
C) 100
D) 200