Italy makes two products cheese and wine italian workers, Business Economics

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Italy makes two products cheese and wine italian workers

Italy makes two products: cheese and wine. Italian workers can make one unit of cheese in ten hours and one unit of wine in five hours.

Draw a PPF for Italy for a 100 hour time period. What is the opportunity cost for one unit of cheese? What is the relationship to the opportunity cost and the slope of the PPF?

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Business Economics: Italy makes two products cheese and wine italian workers

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Business Economics: Italy makes two products cheese and wine italian workers

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