Presume a country can produce a maximum of 5000 jumbo, Microeconomics

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Presume a country can produce a maximum of 5000 jumbo

Presume a country can produce a maximum of 5,000 jumbo airliners or 1,000 aircraft carriers.

1. What is the opportunity cost of an aircraft carrier?

2. What is the implied price of the carrier in trade?

3. If another country offers to provide one aircraft carrier in exchange for six planes, should the offer be accepted?

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Microeconomics: Presume a country can produce a maximum of 5000 jumbo

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Microeconomics: Presume a country can produce a maximum of 5000 jumbo

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