ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A farmer reduces the land used to grow wheat from 80 acres to 60 acres and increases the use of the land for growing potatoes from 80 to 100 acres. What is the opportunity cost of this change?
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The output from 20 acres used for growing potatoes.
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The output from 20 acres used for growing wheat.
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The output from 60 acres used for growing wheat.
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The output from 80 acres used for growing potatoes.
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Explanation:
There is 1 question to complete.