Question
Suppose there are a million workers in France. Each worker can product 2 cars or 40 bushels of wheat. What is the opportunity cost of
Suppose there are a million workers in France. Each worker can product 2 cars or 40 bushels of wheat. What is the opportunity cost of producing a car?
Question 2 options:
10 bushels of wheat
30 bushels of wheat
None of the other answers is correct
20 bushels of wheat
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
