Consider farms in Ontario that produce corn or wheat on their land. Small farms have land that is varied in its suitabil

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Consider farms in Ontario that produce corn or wheat on their land. Small farms have land that is varied in its suitabil

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Consider Farms In Ontario That Produce Corn Or Wheat On Their Land Small Farms Have Land That Is Varied In Its Suitabil 1
Consider Farms In Ontario That Produce Corn Or Wheat On Their Land Small Farms Have Land That Is Varied In Its Suitabil 1 (58.57 KiB) Viewed 36 times
Consider farms in Ontario that produce corn or wheat on their land. Small farms have land that is varied in its suitability for growing corn and wheat. Large industrial farms have economies of scale--the more corn (wheat) they produce, the lower their costs. Draw a representative PPF for a small farm and an industrial farm. Explain the shape of your PPFs.
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