arandomperson8798 arandomperson8798
  • 09-01-2024
  • Business
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Suppose that the row has the same technology (10 labor and 5 capital to produce a ton of steel, 2 labor and 4 capital to produce a ton of wheat) and the same amount of labor (240) but 360 capital. What is the question asking?

a) Optimal production output
b) Labor-capital ratio
c) Comparative advantage
d) Opportunity cost

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