Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces only teapots, it can make 40 per day. If Arcadia produces only surfboards, it can make 60 per day

What is the opportunity cost of 1 teapot in Arcadia?
A) 2/3 of a surfboard B) 1.5 surfboards C) 40 surfboards D) 60 surfboards


B

Economics

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Economics

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Economics

All of the following statements are true about entrepreneurship except:

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Economics