Business, 12.09.2019 03:10 bandzswagg123
Suppose that workers in a country can produce either yams or potatoes, and that all inputs are equally well-suited to the production of both goods. if all workers produce yams, 40 million yams can be produced. if all workers produce potatoes, 20 million potatoes can be produced.
the opportunity cost of producing a potato is yam(s).
the opportunity cost of producing a yam is potato(es).
suppose that there is an increase in resources that shifts the horizontal intercept to 40 million potatoes.
the opportunity cost of potatoes is now yam(s).
Answers: 2
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Suppose that workers in a country can produce either yams or potatoes, and that all inputs are equal...
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