a. If Brazil increases its production of ethanol from 40 barrels per day to 54 barrels per

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a. If Brazil increases its production of ethanol from 40 barrels per day to 54 barrels per day, what is the opportunity cost of the additional ethanol?

b. If Brazil increases its production of food crops from 2 tons per day to 3 tons per day, what is the opportunity cost of the additional food?

c. What is the relationship between your answers to parts

(a) and (b)?

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Economics

ISBN: 125380

10th Edition

Authors: Michael Parkin ,Robin Bade

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Question Posted: Nov 05, 2024 08:00 AM

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a. If Brazil increases its production of ethanol from 40 barrels per day to 54 barrels per

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Economics

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