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Q. Sam farms a 400-acre farm. Two hundred acres of the ground are particularly rich in a nutrient that is favorable to growing corn but does not provide any extra profit for wheat. Sam can grow 30 bushels of corn or 25 bushels of wheat on each of these unique acres. The other 200 acres are not rich in the nutrient so Sam can grow only 10 bushels of corn or the same 25 bushels of wheat per acre.

Plot Sam's construction possibilities frontier for his complete farm. The data-plotting tool will automatically connect the points with a line. The frontier will have 3 points one for devoting all of the ground to corn, one for devoting all of the ground to wheat also one for devoting 200 acres to corn also 200 acres to wheat.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9171681

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