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Suppose ItalyItaly and SpainSpain produce only cloth and wine. Assume that each country uses only labor to produce each good, and that the cloth and
Suppose ItalyItaly and SpainSpain produce only cloth and wine. Assume that each country uses only labor to produce each good, and that the cloth and wine made in ItalyItaly and SpainSpain are exactly alike. The table below shows how much each country can produce of each good with one hour of labor. Part 2 Output per Hour of Labor Cloth Wine ItalyItaly 2424 1515 SpainSpain 33 88 Part 3 According to the table, the opportunity cost to ItalyItaly of producing one more unit of cloth is . 79.79 units of wine (enter a numeric response using a real number rounded to two decimal places)
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