Use the following scenario to answer the questions that follow.
An economy has two workers, Smith and Ricardo. Every day they work, Smith can produce 4 computers or 16 smartphones, and Ricardo can produce 6 computers or 12 smartphones.
-What is the opportunity cost for Smith to produce one smartphone?
A) 1/4 computer
B) 1/2 computer
C) 1 computer
D) 2 computers
E) 4 computers
Correct Answer:
Verified
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