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

Tanner Snow

Business

22 June, 05:44

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

+2

Answers (1)

Know the Answer?

Ethen Garcia · 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