A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2018 · Q21 Mark
A farmer is able to grow three crops, X, Y and Z, on his land. The farmer decides to grow at most two crops in any year. The table shows six possible combinations of units of output of the three crops. output X 0 0 80 40 40 0 Y 0 60 0 30 0 30 Z 40 0 0 0 20 20 What is the opportunity cost of 1 unit of X?
A1.33 units of Y
B1.5 units of Y
C0.5 units of Z
D2.0 units of Z
✓ Correct answer
C: 0.5 units of Z
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