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Imagine you own your own business. How would you evaluate opportunity costs and comparative advantage when making business decisions? Look up a Production Possibilities Frontier

  • Imagine you own your own business. How would you evaluateopportunity costs and comparative advantagewhen making business decisions?
  • Look up a Production Possibilities Frontier (PPF) graph. What role does theproduction possibility frontier (PPF) modelhave in making business decisions regarding specialization and trade?

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