You have inherited 35 more acres. You are trying to decide if you want to plant more tangerine trees or orange trees. Note that you are getting 42 bushels/acre for oranges and 30 bushels/acre for tangerines and you get $31/bushel for oranges & and $40/bushel for tangerines.

Complete the table below

Production Possibilities on 35 Acres Combination Acres Bushels Revenue Acres of Bushels Revenue Total of of from tangerine of from revenue orange Oranges oranges trees tangerines tangerines for trees (output (output both X) Y) A 0 35 B 6 29 C 13 22 D 21 14 E 30 5 F 35 0 b. Calculate the marginal rate of product substitution (MRPS) between combination B and C. ( 1 pt) c. What decision would you make to be economically efficient? Would you diversify (produce oranges and tangerines) or specialize (produce only one of them). Justify your answer. (2 pts) d. How many oranges and tangerines should you produce to be economically efficient? (1 pt)