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Suppose there are two countries: A and B. Each country can produce manufacturing goods (M) using labor (L) and capital (K) and food (F) using
Suppose there are two countries: A and B. Each country can produce manufacturing goods (M) using labor (L) and capital (K) and food (F) using labor (L) and land (T). The only difference between these two countries is that the supply of land in country A is lower than the supply of land in county B. a. (4 points) Plot both countries' PPF on the same graph. Illustrate why the two countries PPFs are different.
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