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The market system

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Question 54

Figure 1c shows that Vietnam currently produces at point X on its Production Possibility Frontier. Calculate the opportunity cost of switching from point X to point Y in terms of rice. Show your workings.

Figure 1c: Vietnam's Production Possibility Table

PointCoffee (000s tonnes)Rice (000s tonnes)
X150240
Y210160
[3]

The market system Questions

  1. IGCSE
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  3. /The market system