Multiple Choice
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In the table above, Jack's opportunity cost for 1 pound of food is --------------------and his opportunity cost for 1 pound of clothing is --------------------.
A) 1 pound of clothing; 4 pounds of food
B) 2 pounds of clothing; 2 pounds of food
C) 1/2 of a pound of clothing; 2 pounds of food
D) 1/3 of a pound of clothing; 3 pounds of food
E) 1 pound of food; 1 pound of clothing
Correct Answer:
Verified
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