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Adam opportunity cost of producing

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Reference no: EM131074742

In one day Adam can produce either 5 shirts or 10 ties, and in one day Bob can produce either 6 shirts or 15 ties. Of course, Adam or Bob could split their time between producing shirts and ties and produce some combination of the two goods.

  • What is Adam's opportunity cost of producing one shirt?
  • Adam's opportunity cost is 12 ? Is this correct?

Reference no: EM131074742

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