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If a family spends its entire education budget in August, the family can afford either 16 tutoring lessons or 12 school uniforms. Assuming the family
If a family spends its entire education budget in August, the family can afford either 16 tutoring lessons or 12 school uniforms. Assuming the family spends its entire budget on just these two goods in August, calculate the opportunity cost of one extra uniform? Note: Round your answer to two decimal places
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