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Business, 15.10.2019 21:00 cheyfaye4173

The typical canadian worker is able to produce 100 board feet (a unit of measure) of lumber or 1000 light bulbs per year. the world price of a board foot of lumber is $20 and that of a light bulb is $1. draw the production possibilities frontier for the average canadian worker by manipulating the line segment labeled ppf. light bulbs lumber (board feet) 0 25 50 75 100 125 150 175 200 225 250 275 300 0 250 500 750 1,000 1,250 1,500 1,750 2,000 2,250 2,500 2,750 3,000 ppf bc which statement is true about the most likely pattern of trade for canada? canada will specialize in producing lumber because it has a comparative advantage in lumber production. canada will specialize in producing light bulbs since the cost of producing bulbs is lower. canada will specialize in producing lumber since the price of lumber is higher. canada will specialize in producing light bulbs since it has a comparative advantage in light bulb production.

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