Alternate Outputs from One Day's Labor Input:
Canada: 10 bushels of corn or 20 tons of lumber. Mexico: 16 bushels of corn or 4 tons of lumber.
The opportunity cost of one bushel of corn in Mexico is approximately _____.
a.0.25 tons of lumber
b.2.00 tons of lumber
c.4.00 bushels of corn
d.0.50 bushels of corn

Q&A Education