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2. Assume that Portugal and England are each able to produce wine and wheat under the following conditions: Portugal England 20 labor hrs 40 labor
2. Assume that Portugal and England are each able to produce wine and wheat under the following conditions: Portugal England 20 labor hrs 40 labor hrs 30 labor hrs 30 labor hrs SHOW ALL WORK! a. What is the opportunity cost of wine in England? b. What is the opportunity cost of wheat in Portugal? c. Which country has a comparative advantage in wine? Explain
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