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What is each country opportunity cost of producing bagpipes

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Reference no: EM133575364

Question: weekly production possibilities of bagpipes and accordions in Poland and Scotland:


Scotland		 Poland 
Bagpipes 50 75
Accordions 25 150

  • What is each country's opportunity cost of producing bagpipes and accordions? If the countries could, should they trade? What is the possible range of terms of trade between Poland and Scotland?

 

Reference no: EM133575364

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