If he initially has all is land growing apples, what would be the opportunity cost of growing an orange tree?
Thursday, 19 June 2014
Farmer Brian has 3 acres of land which he farms efficiently
Farmer Brian has 3 acres of land which he farms efficiently. Each
acre can support 10 apple trees. However the 3 acres differ in their
ability to support orange trees. He can grow 30 orange trees on the best
land, 20 orange trees on the ok land, and 10 orange trees on the bad
land.
If he initially has all is land growing apples, what would be the opportunity cost of growing an orange tree?
If he initially has all is land growing apples, what would be the opportunity cost of growing an orange tree?
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