Consider a nation that produces baseball mitts and soccer


Consider a nation that produces baseball mitts and soccer balls.  The following table shows the possible combinations of the two products:

Baseball Mitts     0    2    4    6   8

Soccer Balls       30  24  18  10  0

Suppose the current combination of two products is 4 baseball mitts and 18 soccer balls.  Find an opportunity cost to get one more baseball mitt.

Find an opportunity cost to get on more soccer ball.

 

 

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Microeconomics: Consider a nation that produces baseball mitts and soccer
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