Business, 23.09.2020 14:01 queenbrebre2294

4. Determine the opportunity cost for sneakers and smart phones if country X can produce either 70 sneakers and 30 smart phones. 5. Determine the opportunity cost for cabinets and tables if John spends 25
hours to make a cabinet and 20 hours to make a table.
6. If country Y needs to use 100 acres of land to produce 100 bushels of oranges and uses 80 acres to produce 100 bushels of lemons, determine the opportunity cost of each item.

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