a. What is the opportunity cost of 1 ton of oranges for the nations of Argentina and Brazil, respectively? A. .25 ton of apples and .5 ton of apples B. 10 tons of apples and 4 tons of apples C. 2 tons of apples and 4 tons of apples D. 4 tons of apples and 2 tons of apples E. .5 ton of apples and .25 ton of apples b. What is the opportunity cost of 1 ton of apples for the nations of Argentina and Brazil, respectively? A. 4 tons of oranges and 2 tons of oranges B. 2.5 tons of oranges and .4 tons of oranges C. .25 tons of oranges and .5 tons of oranges D. 2 tons of oranges and 4 tons of oranges E. 5 tons of oranges and .25 tons of oranges c) Based on your answers in (a) and (b), which country will specialize in apples and which one in roanges? How did you figure this out?

a. What is the opportunity cost of 1 ton of oranges for the nations of Argentina and Brazil, respectively? A. .25 ton of apples and .5 ton of apples B. 10 tons of apples and 4 tons of apples C. 2 tons of apples and 4 tons of apples D. 4 tons of apples and 2 tons of apples E. .5 ton of apples and .25 ton of apples b. What is the opportunity cost of 1 ton of apples for the nations of Argentina and Brazil, respectively? A. 4 tons of oranges and 2 tons of oranges B. 2.5 tons of oranges and .4 tons of oranges C. .25 tons of oranges and .5 tons of oranges D. 2 tons of oranges and 4 tons of oranges E. 5 tons of oranges and .25 tons of oranges c) Based on your answers in (a) and (b), which country will specialize in apples and which one in roanges? How did you figure this out?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 24RQ: What is a production technology?

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