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Assume that a country with a market economy produces capital goods and consumer goods, use the data that follows to answer the question that follows:
Assume that a country with a market economy produces capital goods and consumer goods, use the data that follows to answer the question that follows:
CapitalGoodsConsumer Goods
500
4020
3040
2060
1080
0100
Assuming that the country is using its resources efficiently, what is the opportunity cost of producing 10 more capital goods when the country is already producing 10 capital goods?Explain.
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