opportunity cost
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Free InquiryZaid can produce either tables or chairs. Zaid can work up to 10 hours a day. His production possibilities are given in the table below:
Tables |
Chairs |
0 |
100 |
10 |
80 |
20 |
60 |
30 |
40 |
40 |
20 |
50 |
0 |
What is Zaid’s opportunity cost of producing one additional table?
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