The Dacians are giving up producing 2 bows for every 40 arrows they are producing.The opportunity cost of producing 1 arrow is:

Name: The Dacians are giving up producing 2 bows for every 40 arrows they are producing.The opportunity cost of producing 1 arrow is:
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Question

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The opportunity cost of producing 1 arrow is the number of bows given up per arrow. Since 2 bows are given up for 40 arrows, the opportunity cost for 1 arrow is 2/40 = 1/20 bow.

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