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Kim can produce 100 pies or 400 cakes an hour. Liam can produce 150 pies or 300 cakes an hour. Calculate opportunity cost of producing
Kim can produce 100 pies or 400 cakes an hour. Liam can produce 150 pies or 300 cakes an hour. Calculate opportunity cost of producing pies and cakes for Kim and Liam.
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
