hours for each worker to harvest green beans and two hours to harvest a tomato. Tunisian workers need only one hour to harve

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A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…

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A: Opportunity Cost refers to the value of a consumer's foregone activity such as the consumption of a…

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Q: Suppose country A has 5000 units of capital and 2000 units of labor while country B has 1000 units…

A: Capital in country A = 5000 units  Labor in country A = 2000 units

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A: Opportunity cost is the forgone earning or activity that an individual can earn or perform if he/she…

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A: Opportunity cost is the benefit derived after not choosing the alternate option.

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A: Opportunity cost is the next best alternative.Opportunity cost shows the forgone units of one good…