Principles of Microeconomics
Principles of Microeconomics
8th Edition
ISBN: 9781337470384
Author: N. Gregory Mankiw
Publisher: Cengage Learning US
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Chapter 3, Problem 6PA

Subpart (a):

To determine

Calculate opportunity cost.

Subpart (b):

To determine

Calculate opportunity cost.

Subpart (c):

To determine

Specialization in the production.

Subpart (d):

To determine

Trade and the price of the product.

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