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OCW Scholar - Principles of Microeconomics
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OpenStudy (anonymous):
A farmer owns 60 acres of land. Initially, she can produce 10 bushels of wheat on each acre or 10 bushels of corn. Then, she discovers a new type of seed for growing wheat. It produces 15 bushels of wheat per acre of land. When the farmer makes this discovery, what happens to the opportunity cost of corn, measured in bushels of wheat?
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