ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Per Winter Hat | US $10.00 | Russia 5,000 Rubles |
---|---|---|
Per Bushel of Wheat | US $1.00 | Russia 2,500 Rubles |
a. What is the opportunity cost of producing one more winter hat in the US? In Russia?
b. What is the opportunity cost of producing one more bushel of wheat in the US? In Russia?
c. Which country has acomparative advantage in winter hats? In wheat?
b. What is the opportunity cost of producing one more bushel of wheat in the US? In Russia?
c. Which country has a
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