1. Farmer Brian has 3 acres of land which he farms efficiently. Each acre can su
ID: 1093998 • Letter: 1
Question
1.
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 his land split between apples and oranges (1.5 acres growing apple trees and 1.5 acres growing orange trees), what would be the opportunity cost of growing another apple tree? A. 1 orange tree B. 2 orange trees C. 3 orange trees D. 1/2 of an orange tree E. 1/3 of an orange tree F. none of the answers is correct
2.
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?
10 apple trees
3.
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 is growing oranges on two acres, what would be the opportunity cost of growing another orange tree?
20 apple trees
4.
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 of his land growing oranges, what would be the opportunity cost of growing an apple tree?
none of the answers is correct
5.
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 discovers fertilizer that double the production of oranges (only), then:
He will move along the production possibilities frontier toward the orange intercept
A. 1 apple tree B. 2 apple trees C. 3 apple trees D. 1/2 of an apple tree E. 1/3 of an apple tree F.10 apple trees
3.
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 is growing oranges on two acres, what would be the opportunity cost of growing another orange tree?
A. 1 apple tree B. 2 apple trees C. 3 apple trees D. 1/2 of an apple tree E. 1/3 of an apple tree F.20 apple trees
4.
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 of his land growing oranges, what would be the opportunity cost of growing an apple tree?
A. 1 orange tree B. 2 orange trees C. 3 orange trees D. 1/2 of an orange tree E. 1/3 of an orange tree F.none of the answers is correct
5.
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 discovers fertilizer that double the production of oranges (only), then:
A. The opportunity cost of apples falls B. The opportunity cost of apples rises C. The opportunity of apples is unchanged as the fertilizer only affects orange trees D. The opportunity cost of apples will change but it depends on where exactly he produces on the production possibilities frontier. E.He will move along the production possibilities frontier toward the orange intercept
Explanation / Answer
1) B. 2 Orange trees. As the remaining 1/2 acre of the farm which is shared by Apple trees and Orange trees can either have 5 Apple trees or 10 Orange trees. Hence the opportunity cost of growing an extra Apple tree would be 2 Orange trees.
2) A. 1 Apple tree
3) A. 1 Apple tree
4) A. 1 Orange tree
5) B. the opportunity cost of apple rises
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