Does Brazil face an increasing opportunity cost of ethanol? What feature of Brazils PPF illustrates increasing opportunity

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Does Brazil face an increasing opportunity cost of ethanol? What feature of Brazil’s PPF illustrates increasing opportunity cost?

Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops.
The table sets out Brazil’s production possibilities for ethanol and food crops: image text in transcribed

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:02 PM

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Does Brazil face an increasing opportunity cost of ethanol? What feature of Brazils PPF illustrates increasing opportunity

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Ethanol (barrels per day) 70 64 54 40 22 0 and and and and and and Food crops (tons per day) 0 1 23 LO 3 4 5

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Yes Brazil faces an increasing opportunity cost of ethanol The increasing opportunity cost is illust...View the full answer

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