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Answer to Question #4136 in Microeconomics for Nikol
Question #4136
•What is Michelle’s opportunity cost of producing chickens? she has 200 lbs of potatoes and 10 chickens
Expert's answer
10 chickens = 200 lbs of potatoes
1 chicken = 20 lbs of potatoes
Opportunity Costs = 20 lbs of potatoes.
1 chicken = 20 lbs of potatoes
Opportunity Costs = 20 lbs of potatoes.
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