ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Suppose Country A can produce 60 units of wool or 60 units of steel with one unit of resources. Country B can produce 40 units of wool or 20 units of steel with one unit of resources.
1. The
Suppose Country A can produce 60 units of wool or 60 units of steel with one unit of resources. Country B can produce 40 units of wool or 20 units of steel with one unit of resources.
2. The opportunity cost of wool in country A will be:
3. The opportunity cost of wool in country B will be:
4. The opportunity cost of steel in country A will be:
5. The opportunity cost of steel in country B will be:
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