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Milk Juice Marc 8 bottles of milk 6 bottles of juice Mike 4 bottles of milk...

Milk

Juice

Marc

8 bottles of milk

6 bottles of juice

Mike

4 bottles of milk

2 bottles of juice
  1. Draw the potential possibilities frontier for Marc and Mike
  2. Determine who has the absolute advantage in milk and juice production
  3. Determine who has the comparative advantage in producing milk and in producing juice by using the law of opportunity cost
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