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Table 3-12 Table 3-12 -Refer to Table 3-1. For the rancher, the opportunity cost of 16 pounds of meat is A) 4.0 pounds of potatoes. B) 5.2 pounds of potatoes. C) 6.4 pounds of potatoes. D) 9.6 pounds of potatoes. -Refer to Table 3-1. For the rancher, the opportunity cost of 16 pounds of meat is


A) 4.0 pounds of potatoes.
B) 5.2 pounds of potatoes.
C) 6.4 pounds of potatoes.
D) 9.6 pounds of potatoes.

E) A) and B)
F) A) and C)

Correct Answer

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Opportunity cost measures the trade-off between two goods that each producer faces.

A) True
B) False

Correct Answer

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