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Finding out the opportunity cost and comparative advantage

Suppose the US can produce a bushel of wheat in 1 hour and a CD player in 10 hours . Thailand can produce a bushel of wheat in 12 hours and a cd player in 2 hours. According to the law of comparative advantage , who should produce wheat and who should produce Cd palyer? find out all relevant opportunity price.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916091

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