Multiple Choice
Table 3-21
Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day.
-Refer to Table 3-21. Suppose Jamaica decides to increase its production of radios by 12. What is the opportunity cost of this decision?
A) 3 coolers
B) 6 coolers
C) 12 coolers
D) 24 coolers
Correct Answer:

Verified
Correct Answer:
Verified
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