Microeconomics (13th Edition)
Microeconomics (13th Edition)
13th Edition
ISBN: 9780134744476
Author: Michael Parkin
Publisher: PEARSON
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Chapter 2, Problem 9SPA

(a)

To determine

Construct a graph that illustrates the farm’s PPF.

(b)

To determine

Identify the impacts of the new technology on the farm’s PPF.

(c)

To determine

Identify the opportunity cost of producing a ton of wheat.

(d)

To determine

Identify the efficiency of the production process.

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