Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces only teapots, it can make 80 per day. If Arcadia produces only surfboards, it can make 30 per day

What is the opportunity cost of 1 teapot in Arcadia?
A) 3/8 of a surfboard B) 8/3 surfboards C) 30 surfboards D) 80 surfboards


A

Economics

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