Question

Suppose a farmer can produce either 40 bushels of beets or 120 bushels of carrots per acre of land. If he was able to trade 80 bushels of carrots for 30 bushels of beets, he would be______ COPYRIGHTED MATERIAL. NOT TO BE SHARED. Question 36 options: worse off because his opportunity cost of beets would increase from 2.6 bushels of carrots to 3 bushels of carrots better off because his opportunity cost of beets would fall from 80 bushels of carrots to 50 bushels of carrots better off because his opportunity cost of beets would fall from 3 bushels of carrots to 2.6 bushels of carrots There is not enough information to answer this question.

          Suppose a farmer can produce either 40 bushels of beets or 120 bushels of carrots per acre of land. If he was able to trade 80 bushels of carrots for 30 bushels of beets, he would be______ COPYRIGHTED MATERIAL. NOT TO BE SHARED.
Question 36 options:
worse off because his opportunity cost of beets would increase from 2.6 bushels of carrots to 3 bushels of carrots
better off because his opportunity cost of beets would fall from 80 bushels of carrots to 50 bushels of carrots
better off because his opportunity cost of beets would fall from 3 bushels of carrots to 2.6 bushels of carrots
There is not enough information to answer this question.

Added by Elizabeth J.

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