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In China, it takes 100 hours to produce 1 digital camera or 4 hours to produce 1 lb. of wheat.
In S. Korea, it takes 60 hours to produce 1 digital camera or 3 hours to produce 1 lb. of wheat.

What is China's opportunity cost of producing one pound of wheat?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9496413

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