Use the following scenario to answer the next eight questions:
Karl and Pete produce cars and trucks. Karl can produce 10 cars per hour or 5 trucks per hour. Pete can produce 12 cars per hour or 4 trucks per hour.
-Based on the scenario,Pete's opportunity cost of one truck is:
A) 3/4 car.
B) 1 1/3 cars.
C) 3 cars.
D) 4 cars.
E) 6 cars.
Correct Answer:
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