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Table 311 Assume that Jamaica and Norway can switch between.pdf

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Table 3-11 Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. Output Produced in One Day Coolers Radios Jamaica 12 6 Norway 24 3 Refer to Jamaica's opportunity cost of one cooler is a. 2 radios, and Norway's opportunity cost of one cooler is 0.125 radios. b. 0.5 radios, and Norway's opportunity cost of one cooler is 8 radios. c. 0.5 radios, and Norway's opportunity cost of one cooler is d. 2 radios, and Norway's opportunity cost of one cooler is 8 radios..

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Table 3-11 Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. Output Produced in One Day Coolers Radios Jamaica 12 6 Norway 24 3 Refer to Jamaica's opportunity cost of one cooler is a. 2 radios, and Norway's opportunity cost of one cooler is 0.125 radios. b. 0.5 radios, and Norway's opportunity cost of one cooler is 8 radios. c. 0.5 radios, and Norway's opportunity cost of one cooler is d. 2 radios, and Norway's opportunity cost of one cooler is 8 radios.

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  • 1. Table 3-11 Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. Output Produced in One Day Coolers Radios Jamaica 12 6 Norway 24 3 Refer to Jamaica's opportunity cost of one cooler is a. 2 radios, and Norway's opportunity cost of one cooler is 0.125 radios. b. 0.5 radios, and Norway's opportunity cost of one cooler is 8 radios. c. 0.5 radios, and Norway's opportunity cost of one cooler is d. 2 radios, and Norway's opportunity cost of one cooler is 8 radios.