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Jack is a watermelon farmer. If Jack plants no seeds on his farm, he gets no har...
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Jack is a watermelon farmer. If Jack plants no seeds on his farm, he gets no harvest. If he plants one bag of seeds, he gets 30 watermelons. If he plants two bags of seeds, he gets 50 watermelons. If he plants three bags of seeds, he gets 60 watermelons. A bag of seeds costs $100, and the costs of seeds are his only costs. What will happen to Jack’s production function?
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