Farmer Fran can grow soybeans and corn. She can grow 50 bushels of soybeans or 100 bushels

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Farmer Fran can grow soybeans and corn. She can grow 50 bushels of soybeans or 100 bushels of corn on an acre of her land for the same cost. The price of soybeans is $1.50 per bushel and the price of corn is $0.60 per bushel. Show the benefits to Fran of specialization. What should she specialize in?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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