Economist Basic Question?

Question

A dairy farmer has a production possibilities frontier showing the combinations of milk and a rare and costly cheese that she can produce. At her current production level, she can increase her production of cheese by 5 grams, if she reduces her production of milk by one liter. Alternatively, she can increase her production of milk by one liter if she decreases her production of cheese by 5 grams. This means that the opportunity cost of milk is 5 grams of cheese per liter of milk.

If you turn this measure of cost around, what is the opportunity cost of cheese in liters of milk per gram of cheese?

Answer 1

It's just the Multiplicative inverse.  If 1 liter of milk costs 5 grams of cheese, then 1 gram of cheese costs 1/5 of a liter of milk.  So we would say that the opportunity cost of cheese is 1/5 liter of milk per gram of cheese.

Answer 2

ughhhh... ok ....

wait what?! imma answer it later, once i get my calculations together.. ill email em to you then see if im right! k k whoa!