Multiple Choice
James can produce either a combination of 30 bow ties and 40 neckties or a combination of 40 bow ties and 20 neckties. If he now produces 40 bow ties and 20 neckties, what is the opportunity cost of producing an additional 20 neckties?
A) 2 bow ties.
B) 15 bow ties.
C) 20 bow ties.
D) 35 bow ties.
Correct Answer:
Verified
Correct Answer:
Verified
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