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anuong05 anuong05
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A year ago
This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of equivalent resources.

Cotton
(bales)
Cocoa Beans
(bushels)
Peru24
Brazil16
TABLE 19-4

Refer to Table 19-4. The opportunity cost of a bushel of cocoa beans in Brazil is

▸ 1/2 bale cotton.

▸ 1/3 bale cotton.

▸ 1 bale cotton.

▸ 2/3 bale cotton.

▸ 1/6 bale cotton.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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heavenlyangelheavenlyangel
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A year ago
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anuong05 Author
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Helped a lot
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Good timing, thanks!
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