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Table 1.1 shows the tradeoff between different combinations of missile production and home construction, ceteris paribus.Complete the table by calculating the required opportunity costs for
Table 1.1 shows the tradeoff between different combinations of missile production and home construction, ceteris paribus.Complete the table by calculating the required opportunity costs for both missiles and houses.Then answer the indicated question(s).
In Table 1.1, the opportunity cost of increasing the production of houses from 17,000 to 21,000 in terms of missiles per house is:
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