Smith and Jones Comprise a Two-Person Economy The Opportunity Cost of Making a Calculator for Smith Is
Smith and Jones comprise a two-person economy. Their hourly rates of production are shown below. The opportunity cost of making a calculator for Smith is ______ and for Jones it is ______.
A) 0.10 computers; 0.05 computers
B) 10 computers; 20 computers
C) 1 computer; 0.5 computers
D) 0.6 computers; 1.2 computers
Correct Answer:
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