Refer to the figure Mutually Beneficial Trade I. The figure shows the production possibility frontier (PPF) and the consumption possibility frontier (CPF) for baseball bats and bobblehead dolls in Stewarton and Colberton. Based on the figure, the opportunity cost of producing one doll in Stewarton is:
Figure: Mutually Beneficial Trade I
A) one baseball bat.
B) two baseball bats.
C) one-half baseball bat.
D) one-quarter baseball bat.
Correct Answer:
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