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A nation is capable of producing wheat and computers. It cannot produce any wheat if it produces 11 thousand computers. Assuming that it is producing 10 thousand computers and 1 thousand bushels of wheat after fully employing its resources fully and efficiently, estimate and graphically show the marginal rate of transformation if it reduces the production of computers by 2 thousand units in order to increase wheat production by 1 thousand bushels. Under what circumstances will the nation produce 6 thousand computers and 1 thousand bushels of wheat?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720490

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