10. Home produces two goods, computers and wheat, for which capital is specific to computers, land is...
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10. Home produces two goods, computers and wheat, for which capital is specific to computers, land is specific to wheat, and labor is mobile between the two industries. Home has 100 workers and 100 units of capital but only 10 units of land.
a. Draw a graph similar to Figure 3-1 with the output of wheat on the horizontal axis and the labor in wheat on the vertical axis. What is the relationship between the output of wheat and the marginal product of labor in the wheat industry as more labor is used?
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