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Jane loves to spend her free time making jewelry. Her favorite two pieces of jewelry to make are necklaces and bracelets. It takes Jane 1 hour to make a necklace and 45 minutes to make a bracelet. Assume that she has more than enough supplies to last a lifetime, so the only relevant scarce resource is her free time. What is the opportunity cost to Jane of making one bracelet? What is the opportunity cost of one necklace?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91925386

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