David and Morgan are farmers. Each one owns a 14-acre plot of land. The following table shows the amount of watermelon and zucchini each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing watermelon or zucchini or to produce watermelon on some of the land and zucchini on the rest. Watermelon (Pounds per acre) Zucchini David 10 (Pounds per acre) 5 Morgan 18 6 On the following graph, use the blue line (circle symbol) to plot David's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Morgan's PPF. 140 126 (spunod) II 112 98 84 70 David's PPF Morgan's PPF (?) ZUCCHINI (Pounds) 140 126 112 David's PPF 98 84. 70 56 42 28 14 0 0 70 140 210 280 350 420 490 560 630 700 WATERMELON (Pounds) Morgan's PPF has an absolute advantage in the production of watermelon, and David's opportunity cost of producing 1 pound of zucchini is pound of zucchini is watermelon. has an absolute advantage in the production of zucchini. pounds of watermelon, whereas Morgan's opportunity cost of producing 1 opportunity cost of producing zucchini than Morgan, has a comparative advantage in the production of pounds of watermelon. Because David has a has a comparative advantage in the production of zucchini, and
David and Morgan are farmers. Each one owns a 14-acre plot of land. The following table shows the amount of watermelon and zucchini each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing watermelon or zucchini or to produce watermelon on some of the land and zucchini on the rest. Watermelon (Pounds per acre) Zucchini David 10 (Pounds per acre) 5 Morgan 18 6 On the following graph, use the blue line (circle symbol) to plot David's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Morgan's PPF. 140 126 (spunod) II 112 98 84 70 David's PPF Morgan's PPF (?) ZUCCHINI (Pounds) 140 126 112 David's PPF 98 84. 70 56 42 28 14 0 0 70 140 210 280 350 420 490 560 630 700 WATERMELON (Pounds) Morgan's PPF has an absolute advantage in the production of watermelon, and David's opportunity cost of producing 1 pound of zucchini is pound of zucchini is watermelon. has an absolute advantage in the production of zucchini. pounds of watermelon, whereas Morgan's opportunity cost of producing 1 opportunity cost of producing zucchini than Morgan, has a comparative advantage in the production of pounds of watermelon. Because David has a has a comparative advantage in the production of zucchini, and
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:David and Morgan are farmers. Each one owns a 14-acre plot of land. The following table shows the amount of watermelon and zucchini each farmer
can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing watermelon or zucchini or to produce watermelon
on some of the land and zucchini on the rest.
Watermelon
(Pounds per acre)
Zucchini
David
10
(Pounds per acre)
5
Morgan
18
6
On the following graph, use the blue line (circle symbol) to plot David's production possibilities frontier (PPF), and use the purple line (diamond
symbol) to plot Morgan's PPF.
140
126
(spunod) II
112
98
84
70
David's PPF
Morgan's PPF
(?)
Transcribed Image Text:ZUCCHINI (Pounds)
140
126
112
David's PPF
98
84.
70
56
42
28
14
0
0
70
140
210 280 350 420 490 560 630 700
WATERMELON (Pounds)
Morgan's PPF
has an absolute advantage in the production of watermelon, and
David's opportunity cost of producing 1 pound of zucchini is
pound of zucchini is
watermelon.
has an absolute advantage in the production of zucchini.
pounds of watermelon, whereas Morgan's opportunity cost of producing 1
opportunity cost of producing zucchini than Morgan,
has a comparative advantage in the production of
pounds of watermelon. Because David has a
has a comparative advantage in the production of zucchini, and
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