According to Statistics Canada, 10.7 million hectares of land in Canada were used for wheat or corn farming in 2016. Of those 10.7 million hectares, farmers used 9.4 million hectares to grow 1 134.5 million bushels of wheat and 1.3 million hectares of land to grow 492.7 million bushels of corn. Suppose that Canada’s wheat farming and corn farming are efficient in production. At that production point, the opportunity cost of producing 1 additional bushel of wheat is 1.7 fewer bushels of corn. However, because farmers have increasing opportunity costs at higher levels of wheat production, additional bushels of wheat have an opportunity cost greater than 1.7 bushels of corn. For each of the following production points, decide whether that production point is (i) feasible and efficient in production, (ii) feasible but not efficient in production, (iii) not feasible, or (iv) unclear as to whether or not it is feasible.

a. Farmers use 1.6 million hectares of land to produce 180 million bushels of wheat, and they use 2.4 million hectares of land to produce 900 million bushels of corn. The remaining 7.0 million hectares are left unused.

b. From their original production point, farmers transfer 1.6 million hectares of land from corn to wheat production. They now produce 1 144.5 million bushels of wheat and 475.7 million bushels of corn.

c. Farmers reduce their production of wheat to 1 084.8 million bushels and increase their production of corn to 567.25 million bushels. Along the production possibility frontier, the opportunity cost of going from 492.7 million bushels of corn to 567.32 million bushels of corn is 0.666 bushels of wheat per bushel of corn.