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Other Fields Homework Help Economics Topic started by: violin13 on Jul 22, 2019



Title: Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces ...
Post by: violin13 on Jul 22, 2019
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?

▸ 3/8 of a surfboard

▸ 8/3 surfboards

▸ 30 surfboards

▸ 80 surfboards


Title: Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces ...
Post by: Jacobian Smith on Jul 22, 2019
Content hidden


Title: Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces ...
Post by: violin13 on Jul 22, 2019
Exactly what I needed for my project, TYSM