The opportunity cost of 100 Kg of rice produced on a land which can also produce 80 tonnes of wheat isA- 80 tonnes of riceB- 80 tonnes of wheatC- 100 Kg of wheatD- 100 Kg of rice

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Standard XI

Economics

Opportunity Cost

The opportuni...

Question

The opportunity cost of 100 Kg of rice produced on a land which can also produce 80 tonnes of wheat is

100 Kg of wheat

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80 tonnes of wheat

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100 Kg of rice

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80 tonnes of rice

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Solution

The correct option is B
80 tonnes of wheat

Opportunity cost is the value of a factor in its next best alternative use. Hence, the opportunity cost of producing 100 Kg rice on a land, which can also produce 80 tonnes of wheat is 80 tonnes of wheat.

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The opportunity cost of 100 Kg of rice produced on a land which can also produce 80 tonnes of wheat is

The correct option is B 80 tonnes of wheat Opportunity cost is the value of a factor in its next best alternative use. Hence, the opportunity cost of producing 100 Kg rice on a land, which can also produce 80 tonnes of wheat is 80 tonnes of wheat.

The correct option is B
80 tonnes of wheat

Opportunity cost is the value of a factor in its next best alternative use. Hence, the opportunity cost of producing 100 Kg rice on a land, which can also produce 80 tonnes of wheat is 80 tonnes of wheat.