Elucidate what is the marginal opportunity cost

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Reference no: EM1365096

Suppose the economy currently produces at an output level represented by point B and then decides it wants to produce 1,000 more garments of clothing, so the economy moves from point B to point C.

What is the marginal opportunity cost of 1,000 garments of clothing in the range between points B and C?

Reference no: EM1365096

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