18 Below is the productivity per worker (kilos per day) in the wheat and bean industriesof Caledonia and Ibrox. The working population in each country is 16 million people.Finals6-7p.4WheatCaledonia 53IbroxororBeans26SAMSUNGDESEGEMED EQUALpresu Refer to the data above. What is the cost of a kilo of wheat in Caledonia?a) 2.5 beansb) 0.4 beansc) 2 beansd) 0.4 wheatSAMSUNG

Opportunity Cost: It refers to the foregone revenue on the next best alternative if we pick a…

Below is the productivity per worker (kilos per day) in the wheat and bean industries of Caledonia and Ibrox. The working population in each country is 16 million people. Caledonia Ibrox Wheat 5 3 or or Beans 2 a

Below is the productivity per worker (kilos per day) in the wheat and bean industries of Caledonia and Ibrox. The working population in each country is 16 million people. Caledonia Ibrox Wheat 5 3 or or Beans 2 a

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

Below is the productivity per worker (kilos per day) in the wheat and bean industries
of Caledonia and Ibrox. The working population in each country is 16 million people.
Finals
6-7p.4
Wheat
Caledonia 5
3
Ibrox
or
or
Beans
2
6
SAMSUNG
DES
EGE
MED EQUAL
presu

Refer to the data above. What is the cost of a kilo of wheat in Caledonia?
a) 2.5 beans
b) 0.4 beans
c) 2 beans
d) 0.4 wheat
SAMSUNG

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