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a) Calculate the opportunity costs for each farmer for each product (need 4 answers). b) Draw the PPFs for Farmer Cotton and Gaffer Gamgee. Show
a) Calculate the opportunity costs for each farmer for each product (need 4 answers). b) Draw the PPFs for Farmer Cotton and Gaffer Gamgee. Show the slope of each PPF. c) Should either farmer specialize, and if so, in what product? Explain why. d] What will be the terms of trade for taters in terms of pipeweed? for pipeweed in terms of talers
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