In Ricardos example, what is the opportunity cost of wine in terms of cloth in (a) Portugal;

Question:

In Ricardo’s example, what is the opportunity cost of wine in terms of cloth in (a) Portugal; (b) England? (Assume that the only costs are labour costs.)

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...

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