a. If Brazil increases ethanol production from 40 barrels per day to 54 barrels a day, what
Question:
a. If Brazil increases ethanol production from 40 barrels per day to 54 barrels a day, what is the opportunity cost of producing the additional ethanol?
b. If Brazil increases food production from 2 tonnes per day to 3 tonnes per day, what is the opportunity cost of producing the addi- tional food?
c. What is the relationship between your answers to parts
(a) and (b)?
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Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9781556520617
11th Edition
Authors: Michael Parkin, Robin Bade
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