2. Comparative and absolute advantage Loc and Ashima are farmers. Each one owns a 14-acre plot of land. The following table shows the amount of zucchini and watermelon each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing zucchini or watermelon or to produce zucchini on some of the land and watermelon on the rest. Loc Ashima 140 On the following graph, use the blue line (circle symbol) to plot Loc's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Ashima's PPF. 126 112 98 Zucchini (Pounds per acre) 10 18 84 Watermelon (Pounds per acre) 5 6 O Loc's PPF Ashima's PPF (?) A-Z (( bongo A+
2. Comparative and absolute advantage Loc and Ashima are farmers. Each one owns a 14-acre plot of land. The following table shows the amount of zucchini and watermelon each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing zucchini or watermelon or to produce zucchini on some of the land and watermelon on the rest. Loc Ashima 140 On the following graph, use the blue line (circle symbol) to plot Loc's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Ashima's PPF. 126 112 98 Zucchini (Pounds per acre) 10 18 84 Watermelon (Pounds per acre) 5 6 O Loc's PPF Ashima's PPF (?) A-Z (( bongo A+
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Absolute advantage occurs when an country can produce more of goods than other country with the same resources.
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