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Question: If country A is the lowest opportunity cost producer of X and country B is the lowest opportunity cost producer of Y, what happens to their absolute and comparative advantages if country A suddenly becomes three times more productive at producing both X and Y than it was before?
Prepare a 3- to 4-page paper, complying with APA guidelines and based on the following directions. Be sure to support your work with a minimum of two additional sources and provide specific citations as appropriate.
Acme Universal is a micro-cap that had a $3,000,000 drop in taxable income this year. Their drop in taxes was $1,030,000. For each of the following, determine the largest amount that meets the conditions given above.
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