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In a simple economy, a farmer can either grow wheat or corn. If the farmer allocates all of their resources to wheat production, they can
In a simple economy, a farmer can either grow wheat or corn. If the farmer allocates all of their resources to wheat production, they can produce 400 bushels of wheat. Alternatively, if they allocate all resources to corn, they can produce 200 bushels of corn. Calculate the opportunity cost of producing 100 bushels of corn
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