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A country has available supplies of land, machinery, labour and fertiliser that are capable of producing the various combinations of soya beans and wheat. Using
A country has available supplies of land, machinery, labour and fertiliser that are capable of producing the various combinations of soya beans and wheat. Using the production possibilities curve of the two products (with soya bean on y-axis):
Show an attainable but inefficient combination of soya beans and wheat and illustrate and explain the effect of an improved technique for producing soya beans.
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