What is opportunity cost, such as what?
Last year , The land of the microphone, each acre of land he has farmed , 25 bushels of corn and wheat, can grow 20 bushels. During the winter, he found , The one he can be the amount of corn grown per acre would be two new hybrid seed corn to double. How corn is a growing opportunity cost of the microphone was found to change this? A. one bushel of corn has increased the opportunity cost. B has been one of corn per bushel decrease in opportunity cost. Opportunities around Found for wheat and corn, the amount of the cost to generate a microphone that does not affect stayed the same. d. the opportunity cost of one bushel of corn was so unchanged, Details will be able to produce both products found Mike
Corn can be $ × 20 bushels = 2.50 per bushel is selling a 50 dollar income, wheat $ Sales of 2.00 per bushel 1 bushel = 50 net × 25 dollars (both), but for now, Mike, the income yield of 50 dollars, to determine the growth of wheat, and he × Opportunity to yield 40 bushels of corn $ 2.50 = take the same Income of 100 dollars. Therefore, he also lost the income of 50 to decide the dollar wheat cultivation. The correct answer is A has increased the opportunity cost of corn. 50%, or (and the default of 20 bushels X $ 2.50 = $ 50).
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