Calculate the opportunity cost of producing olive oil


Problem

The following table shows for Greece and Italy the hourly output per worker measured as quarts of olive oil and pounds of pasta: Output per Hour of Work Olive Oil Pasta Greece 4 2 Italy 4 8. Calculate the opportunity cost of producing olive oil and pasta in both Greece and in Italy.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Calculate the opportunity cost of producing olive oil
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