Suppose in Italy producers can make 10,000 dresses or 1,000 coats per day, while in Canada producers can make 14,000 similar dresses or 2,000 similar coats per day. Therefore
A) 1 dress costs 7 coats in Italy.
B) 1 dress costs 10 coats in Italy.
C) 1 coat costs 7 dresses in Canada.
D) 1 coat costs 10 dresses in Canada.
C
Economics
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“Since a public good is enjoyed by all members of society, willingness to pay for the good will not diminish as the amount produced increases.” Evaluate and use an example to support your answer
Please provide the best answer for the statement.
Economics