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The table below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the rest of the world per labor

The table below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the rest of the world per labor hour. The opportunity cost of producing an umbrella in the United Kingdom is

In the UK In the Rest of the World

Umberllas per labor hour : 0.25 1.00

Bushels of corn per labor hour: 0.50 0.67

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