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Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatoes each year. Country B has 400 workers. The opportunity cost of one tomato is:
Planning
The process of outlining the steps necessary to achieve a desired outcome or goal, involving setting objectives, determining actions, and allocating resources.
Key Components
Essential parts, elements, or factors that are necessary for the functioning or effectiveness of a system, process, or concept.
Developing Leadership
The act or process of enhancing one's leadership skills and abilities through education, experience, and self-reflection.
Mentoring
A developmental relationship where a more experienced individual provides guidance, support, and advice to a less experienced person.
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