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1.What is a time opportunity cost 2.Provide other possible opportunity costs for this. a.A retired teacher purchases a 10-hectare land and chooses to plant rice.(hint:
1.What is a time opportunity cost
2.Provide other possible opportunity costs for this.
a.A retired teacher purchases a 10-hectare land and chooses to plant rice.(hint: give another option to the teacher instead of purchasing a 10 hectare)
b.Suppose a farmer wanted to buy a tractor and was obliged to pay 8 percent interest on the money for one and a half years.(hint: give another option to the farmer)
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