A farmer produces 100 kg of wheat on a piece of land with the help of a given quantity of reasources. If this farmer can also produce 70 kgof rice with the same quantity of resourced, then what is the opportunity cost of producing wheat?

A farmer produces 100 kg of wheat on a piece of land with the help of

1.	A farmer produces 100 kg of wheat on a piece of land with the help of a given quantity of reasources. If this farmer can also produce 70 kgof rice with the same quantity of resourced, then what is the opportunity cost of producing wheat?
Answer» Solution :The OPPORTUNITY cost of PRODUCING WHEAT is 70 kg of RICE.