Two nations-mars and venus each produce food and clothing

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Two nations, Mars and Venus, each produce food and clothing. The table above gives points on each nation's production possibilities curve. The asterisks indicate their current point of production. In Venus, the opportunity cost of the first unit of Mars Venus Food Clothing Food Clothing 0 30 0 40 2 24 4 32 4 18 8* 24* 6* 12* 12 16 8 6 16 8 10 0 20 0 Two nations, Mars and Venus, each produce food and clothing. The table above gives points on each nation's production possibilities curve. The asterisks indicate their current point of production. In Venus, the opportunity cost of the first unit of clothing is two units of food. clothing is four units of food. food is eight units of clothing. food is two units of clothing.

Reference no: EM133637245

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