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Coltonht Coltonht
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5 years ago

Question 1.




A farmer has 100 acres of land on which he can grow soybeans or corn. An acre of land yields 200 bushels of soybeans or 100 bushels of corn. The above figure refers to the farmer's

• opportunity cost curve.

• demand curve.

• production possibilities curve.

• substitution options curve.

Question 2.




In the above figure, how many bushels of corn are produced at point "a"?

• 10,000

• 2,500

• 0

• 1,000
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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jaded 7.jaded 7.
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Coltonht Author
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Thanks
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