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answer all the questionsHomework Answers
B)
No, from the same land , it is not possible . The maximum beef can be produced with 6000 corn is 1200.
In order to reach this level enterprises need to acquire more land .
C) opportunity cost is the next best alternative of a factor.
Here factor is land ,when beef Increase from 900 to 1200 ,the next best alternative was produce corn ,and it was 2000
So opportunity cost =2000/300=6.66
D)at level B 8000 of corn and 900 kg beef are produced.
At point A 16,000 of corn and 0 kg of beef are produced.
So corn is Increasing and the next best alternative is beef .
Opportunity cost =900/8000=0.1125
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