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The opportunity cost of producRefer to the diagram. What is the significance of the point marked L1 at the bottom upward-sloping portion of the individual

The opportunity cost of producRefer to the diagram. What is the significance of the point marked L1 at the bottom upward-sloping portion of the individual labor supply (2) curve? ing a pair of pants in the USA is 5 bushels of wheat, while in China, it is 2 bushels of wheat. As a result

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