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suppose that a self sufficient household produces (and consumes) corn and potato. the current marginal rate of transformation is 2 pounds of potato for each
suppose that a self sufficient household produces (and consumes) corn and potato. the current marginal rate of transformation is 2 pounds of potato for each pound of corn.If the international price of potato duplicates what should happen with the production level of corn of this household?
a. it should not change
b. It should increase
c. it should decrease
d. we can not determine it, we need more information
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