If the opportunity cost of producing corn is lower for Ohio than for Iowa,then:

Question

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The opportunity cost of producing corn is the value of the next best alternative foregone. If Ohio has a lower opportunity cost of producing corn than Iowa, it means that Ohio can produce corn at a lower cost (in terms of resources and inputs) than Iowa. Therefore, Ohio has the comparative advantage in corn production and should specialize in it. Iowa should focus on producing other goods or services that it can produce at a lower cost than Ohio.

If the Opportunity Cost of Producing Corn Is Lower for Ohio