Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
Question
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Chapter 2, Problem 18APA

(a)

To determine

Identify the values of opportunity costs.

(b)

To determine

Identify the production possibilities of two commodities if each spends 30 minutes for production.

(c)

To determine

Identify the comparative advantage in the production of pies and cakes.

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