The figure below shows the production possibilities frontiers for rice and T-shirts for two countries, Costa Rica and United States. According to the figure below, in Costa Rica, the opportunity cost of 1 ton of rice is:
Figure 2.1

A) 1/2 of a T-shirt.
B) 3/4 of a T-shirt.
C) 1 T-shirt.
D) 11/2 T-shirts.
E) 2 T-shirts.
Correct Answer:
Verified
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