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Assume the following Germany can produce 300 TV’s and 25 ovens Ethiopia can produce 240 TV’s and 40 ovens. Based on these data points please answer the following What is Ethiopia’s opportunity

Assume the following: Germany can produce 300 TV’s and 25 ovens. Ethiopia can produce 240 TV’s and 40 ovens. Based on these data points, please answer the following. 1) What is Ethiopia’s opportunity cost with respect to ovens? 2) What is Germany’s opportunity cost with respect to TV’s? 3) What is Germany’s opportunity cost with respect to ovens? 4) What is Ethiopia’s opportunity cost with respect to TV’s? please explain each step and how you got thr answers.

Apr 01 2020 View more View Less

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