Calculate opportunity cost of producing olive oil and pasta

Reference no: EM131020788

The following table shows the hourly output per worker for Greece and Italy measured as quarts of olive oil and pounds of pasta:

	Outpit per Hour of Work
	Olive Oil	Pasta
Greece	$4.00	2
Italy	4	8

Calculate the opportunity cost of producing olive oil and pasta in both Greece and Italy.

Reference no: EM131020788

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