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