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    Principles of Microeconomics Study Set 10
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    Exam 3: Interdependence and the Gains From Trade
  5. Question
    Table 3-27 Assume That Huang and Min Can Switch Between Producing Parasols
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Table 3-27 Assume That Huang and Min Can Switch Between Producing Parasols

Question 10

Question 10

Multiple Choice

Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
​ Table 3-27 Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate. ​   -Refer to Table 3-27. The opportunity cost of 1 plate for Huang is A) 1/3 parasol. B) 1/2 parasol. C) 3 parasols. D) 4 parasols.
-Refer to Table 3-27. The opportunity cost of 1 plate for Huang is


A) 1/3 parasol.
B) 1/2 parasol.
C) 3 parasols.
D) 4 parasols.

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