=+remaining 24 million acres are left unused. b. From their original production point, farmers transfer 40 million
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=+remaining 24 million acres are left unused.
b. From their original production point, farmers transfer 40 million acres of land from corn to wheat production. They now produce 3.158 billion bushels of wheat and 10.107 bushels of corn.
c. Farmers reduce their production of wheat to 2 billion bushels and increase their production of corn to 12.044 billion bushels. Along the production possibility frontier, the opportunity
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