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ID: 1237076 • Letter: V
Question
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Assuming constant costs in the neighborhood of their current levels of production, the exhibit shows the number of units of commodity X each country would have to forgo to produce the additional units of commodity Y indicated. Further assume that the only input is labor and that it remains fully employed. The cost to Canada of producing an additional unit of Y is _______ unit(s) of X.
Answer
a. 1
b. 2
c. 3
d. 4
Explanation / Answer
c
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