Question
Switzerland can either produce 1 pound of cheese or 2 pounds of chocolate in an hour. In this example, what product is the opportunity cost per hour for Switzerland if they choose to produce only chocolate?
Responses
1 pound of cheese
1 pound of cheese
2 pounds of chocolate
2 pounds of chocolate
2 pounds of cheese
2 pounds of cheese
1 pound of chocolate
Responses
1 pound of cheese
1 pound of cheese
2 pounds of chocolate
2 pounds of chocolate
2 pounds of cheese
2 pounds of cheese
1 pound of chocolate
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