Question: a. Do you expect the opportunity cost of producing ethanol in the United States to have increased since 2003? Explain why. b. Do you think

a. Do you expect the opportunity cost of producing ethanol in the United States to have increased since 2003? Explain why.
b. Do you think the United States has achieved production efficiency in its manufacture of ethanol? Explain why or why not.
c. Do you think the United States has achieved allocative efficiency in its manufacture of ethanol? Explain why or why not.

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