What will be the opportunity cost of 220 kg of wheat produced on a land which can also produce 100 tones of rice?

100 tones          

The Correct Answer is option 2: 100 tones         

Opportunity cost basically means the next best alternative use of the commodity. Now, in the above question the land can produce 220kg of wheat and 100 tones of rice as well. Now, the individual choses 220 kg of wheat thus, 100 tones of rice becomes his opportunity cost i.e. the next best alternative available with the consumer.