200180Sean's PPF160140120Yvette's PPF1008060401002003004005006007008009001000BARLEY (Bushels)has an absolute advantage in the production of barley, andhas an absolute advantage in the production of alfalfa.Sean's opportunity cost of producing 1 bushel of alfalfa isbushels of barley, whereas Yvette's opportunity cost of producing 1 bushel ofalfalfa isbushels of barley. Because Sean has aopportunity cost of producing alfalfa than Yvette,has acomparative advantage in the production of alfalfa, andhas a comparative advantage in the production of barley.ALFALFA (Bushels)20 Sean and Yvette are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of barley and alfalfa each farmer canproduce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of theland and alfalfa on the rest.BarleyAlfalfa(Bushels per acre)(Bushels per acre)Sean408Yvette287On the following graph, use the blue line (circle symbol) to plot Sean's production possibilities frontier (PPF), and use the purple line (diamondsymbol) to plot Yvette's PPF.

A Production Possibility Frontier (PPF), also known as a Production Possibility Curve (PPC) or a…

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200 180 Sean's PPF 160 140 120 Yvette's PPF 100 80 60 40 20 ALFALFA (Bushels)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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