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Suppose an economy produces hats and shirts subject to the following production possibilities frontier: The opportunity cost of a shirt is _____. a) is 0.80

Suppose an economy produces hats and shirts subject to the following production possibilities frontier: The opportunity cost of a shirt is _____. a) is 0.80 hats b) is 1.25 hats c) is 20 hats d) 25 hats

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