Question: A numerical example: Suppose that Q = 2000 bushels M = 500 bushels L = 100 laborers b. Complete the following table and graph the

A numerical example: Suppose that Q = 2000 bushels M = 500 bushels L = 100 laborers

b. Complete the following table and graph the trade-off between w & r. Use Excel for the graph. W wL M + wL r r (per cent) 0 bushels bushels bushels % 2 bushels bushels bushels % 4 bushels bushels bushels % 6 bushels bushels bushels % 8 bushels bushels bushels % 10 bushels bushels bushels % 12 bushels bushels bushels % 14 bushels bushels bushels % 15 bushels bushels bushels %

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