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Business, 03.02.2020 23:42 ricesonice5

In an eight-hour day, andy can produce either 24 loaves of bread or 8 pounds of butter. in an eight-hour day, john can produce either 8 loaves of bread or 8 pounds of butter. the opportunity cost of producing 1 pound of butter is:
a. 1/3 hour for andy and 1 hour for john.
b. 1 hour for andy and 1 hour for john.
c. 3 loaves of bread for andy and 1 loaf of bread for john.
d. 1/3 loaves of bread for andy and 1 loaf of bread for john.
e. none of the above

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