Multiple Choice
Assume that a firm can produce 6 units of good X or 12 units of good Y per hour with its current resources. The opportunity cost of a unit of X is
A) 1/2 a unit of Y.
B) 6 units of Y.
C) 72 units of Y.
D) 2 units of Y.
E) 12 units of Y.
Correct Answer:
Verified
Correct Answer:
Verified
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