Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is

a.) 0.62 bushels of squash

b.) 1.6 bushels of squash

c.) 3 bushels of squash

d.) 5 bushels of squash

Question

Business

Santos Garner

12 December, 03:08

Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is

a.) 0.62 bushels of squash

b.) 1.6 bushels of squash

c.) 3 bushels of squash

d.) 5 bushels of squash

+1

Answers (1)

Know the Answer?

Kadin Donovan · Answer 1

b.) 1.6 bushels of squash

Explanation:

To get 5 bushels of tomatoes he must give up 8 bushels of squash

To get 1 bushels of tomatoes he must give up 8/5 bushels of squash which is 1.6 bushels of squash.

Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes isa.) 0.62 bushels of squashb.) 1.6 bushels of squashc.) 3 bushels of squashd.) 5 bushels of squash

Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is

a.) 0.62 bushels of squash

b.) 1.6 bushels of squash

c.) 3 bushels of squash

d.) 5 bushels of squash