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Assume that a consumer has a given budget or income of $24 and that she can buy only two goods, apples or bananas. The price
Assume that a consumer has a given budget or income of $24 and that she can buy only two goods, apples or bananas. The price of an apple is $3.00 and the price of a banana is $2.00. For this consumer, the opportunity cost of buying one more apple is
A. 0.67
B. 0.50 of a banana
C. 1 banana
D. 1.5 bananas
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