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Table 3-22
Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate.
-Refer to Table 3-22. Assume that Zimbabwe and Portugal each has 60 machine minutes available. Originally, each country divided its time equally between the production of toothbrushes and hairbrushes. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output increased by
Frequency Distribution
A summary of how often each different value occurs in a dataset.
11th Grade
The third year of high school in many educational systems, typically characterized by students aged 16-17 years.
Real Upper Limits
In statistics, the value that slightly exceeds the upper boundary of a class interval in a frequency distribution, taking into account the continuity of data.
Variable
An element, feature, or factor that is liable to vary or change, used in experimental and observational research studies.
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