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(Solved): a. The MRT of the new feasible frontier at B is larger than the MRT of the old feasible frontier at ...



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a. The MRT of the new feasible frontier at B is larger than the MRT of the old feasible frontier at A. This gives the farmer an incentive to take more free time after the technology improvement. b. If the MRS of the indifference curve at \\( B \\) is larger than the MRS of the indifference curve at A, then this gives the farmer an incentive to take more free time after the technology improvement. c. The farmer will choose a point to left of \\( B \\) after the technology improvement. d. The farmer will definitely choose a point to the right of B after the technology improvement.


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