Determine the opportunity cost

Reference no: EM1356232

Assume the US can produce Toyotas at the cost of $18,000 per car and Chevrolets at $16,000 per car. In Japan, the cost of producing Toyotas 1,000,000 yen, and the cost of producing Chevrolets at 500,000 yen. In terms of Chevrolets, what is the opportunity cost of producing Toyotas in each country?

Reference no: EM1356232

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