In japan toyotas can be produced at 1900000 yen and, Ask an Expert

Economics

Assume the United States can produce Toyotas at the cost of $25,000 per car and Chevrolets at $20,000 per car. In Japan, Toyotas can be produced at 1,900,000 yen and Chevrolets at 1,600,000 yen. In terms of Chevrolets, what is the opportunity cost of producing Toyotas in each country?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9284492

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