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Small Jason Hu

Budget: $15

Solved!

A country can produce 100 cars or 50 shoes. Using the same resources it can also produce 120 cars and 40 shoes. What is the opportunity cost per unit of car produced

Answer

Small Tutor Farzad Farzanegan

-> opportunity cost of (120-100) cars = 50-40 shoes -> OC of 20 cars= 10 shoes -...