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Ryan and Steve work for 8 hours per day. They allocate their labor hours in painting cars and mowing lawns. Their per hour production
Ryan and Steve work for 8 hours per day. They allocate their labor hours in painting cars and mowing lawns. Their per hour production possibilities are given in the table below. Steve's opportunity cost of mowing a lawn equals: Activity Person Ryan Steve Select one: Painting Cars Mowing Lawns 2 2 painting 2 cars. painting one-third of a car. painting 4 cars. painting half a car. painting 1 car.
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