Perfume (bottles) Cloth (yards) Nancy 20 15 Roger 24 12 The table above shows how much each of two people can produce in 40 hours. (For example, Nancy can produce 20 bottles of perfume in 40 hours.) For Roger, what is the opportunity cost of producing 1 bottle of perfume?
a. 3 yards of cloth
b. 2 yards of cloth
c. 1 yard of cloth
d. 1/3 yards of cloth
e. 1/2 yards of cloth
e. 1/2 yards of cloth
(OC = give up / produce 12 / 24 = ½)
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