Refer to the table Comparative and Absolute Advantage I. The table summarizes the amount of tennis rackets and tennis balls that can be produced per unit of labor in Stewarton and Colberton. The opportunity cost of producing tennis balls in Colberton is:
A) one-quarter racket.
B) one-half racket.
C) one racket.
D) four rackets.
Correct Answer:
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