if-the-opportunity-cost-of-producing-1-unit-of-good-a-is-3-units-of-good-b-what-

Question

If the opportunity cost of producing 1 unit of good A is 3 units of good B, what is a fair exchange rate between good A and good B?

Accepted Answer

1 unit of good A for 3 units of good B.

Answer

2 units of good A for 3 units of good B.

Answer

1 unit of good A for 1 unit of good B.

Answer

3 units of good A for 1 unit of good B.