The farmer's opportunity cost of 11 bushel of beans is 269.3 bushels of corn.
The opportunity cost is the profit that was lost because a particular option was not chosen.
In this problem, we can use ratio to calculate the opportunity cost.
1616 bushels of corn is equal to 66 bushels of beans.
Then,
how many bushels of corn is equal to 11 bushel of bean?
Let P = the number corn bushels.
corn1/bean1 = corn2/bean2
1616/66 = P/11
P = (1616/66) x 11 = 1616/6 = 269.3 bushels of corn.
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