What is the opportunity cost of one teapot

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Reference no: EM131238231

Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces teapots, it can make 40 per day. If Arcadia produces only surfboards, it can make 60 per day. What is the opportunity cost of one teapot in Arcadia?

a. 2/3 of a surfboard

b. 1.5 surfboards

c. 40 surfboards

d. 60 surfboards

Reference no: EM131238231

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