Homework Answers
Answer
Option 3
2 apple for each pair of shoes
The opportunity cost of production =maximum production of other
good/maximum production of the good
The opportunity cost of a pair of shoes for Canada =20/10=2
apples
The opportunity cost of apple for Canada =10/20=0.5 pair of
shoes
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Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day....
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Alison can produce 1 pair of shoes and 3 cookies in one hour, Stan can produce...
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