Question
Alternate Outputs from One Day's Labor Input: Brazil: 6 bushels of corn or 12 tons of lumber. Argentina: 34 bushels of corn or 12 tons
Alternate Outputs from One Day's Labor Input:
Brazil: 6 bushels of corn or 12 tons of lumber. Argentina: 34 bushels of corn or 12 tons of lumber.
The opportunity cost of one ton of lumber in Brazil is approximately _____. Note: round your answer to the nearest hundredth (two decimal places).
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International Economics
Authors: Robert Carbaugh
15th edition
1285854357, 978-1305177093, 1305177096, 978-1285854359
