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Suppose a country produces only two goods - wheat [W] and corn [C]. The marginal rate of transformation [MRT] under autarkic condition is 2W/1C. The

Suppose a country produces only two goods - wheat [W] and corn [C]. The marginal rate of transformation [MRT] under autarkic condition is 2W/1C. The world price ratio is 1W/1C. Illustrate with the help of a suitable diagram, how the country will benefit if it indulges in international trade.

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