A farmer is able to produce both beef and lamb. The opportunity cost of producing 1 kilo of beef is 3 kilos of lamb. A kilo of beef sells for twice the price of a kilo of lamb. What should he do if his aim is to maximise his revenue?
- Aconcentrate on beef production
- Bconcentrate on lamb production
- Cproduce beef and lamb in the ratio 3:2
- Dproduce twice as much beef as lamb