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drwalkinboner drwalkinboner
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2 months ago

In an eight-hour day, Andy can produce either 24 loaves of bread or 8 pounds of butter. In an eight-hour day, John can produce either 8 loaves of bread or 8 pounds of butter. The opportunity cost of producing 1 pound of butter is



▸

1/3 hour for Andy and 1 hour for John.



▸

1 hour for Andy and 1 hour for John.



▸

3 loaves of bread for Andy and 1 loaf of bread for John.



▸

1/3 loaves of bread for Andy and 1 loaf of bread for John.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
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whtsi_ep3whtsi_ep3
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3 loaves of bread for Andy and 1 loaf of bread for John.
1

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drwalkinboner Author
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2 months ago
Thanks
big_larry_samp
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Yesterday
Helped a lot
ouasfoudgewu
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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