Consider the gardener and the farmer from our example in this chapter. Explain why the gardeners opportunity

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Consider the gardener and the farmer from our example in this chapter. Explain why the gardener’s opportunity cost of producing 1 kilogram of meat is 4 kilograms of potatoes. Explain why the farmer’s opportunity cost of producing 1 kilogram of meat is 2 kilograms of potatoes.

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Economics

ISBN: 124344

2nd Edition

Authors: N. Gregory Mankiw

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