Elijah and Aneesha are farmers. Each one owns a 16-acre plot of land. The following table shows the amount of maize and squash each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing maize or squash or to produce maize on some of the land and squash on the rest. Maize Squash (Pounds per acre) (Pounds per acre) Elijah 6 6 Aneesha 20 5 On the following graph, use the blue line (circle symbol) to plot Elijah's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Aneesha's PPF. Elijah's PPFAneesha's PPF0801602403204004805606407208001601441281129680644832160SQUASH (Pounds)MAIZE (Pounds)160, 16Y-Intercept: 96X-Intercept: NoneSlope: 0 Aneesha has an absolute advantage in the production of maize, andElijah has an absolute advantage in the production of squash. Elijah's opportunity cost of producing 1 pound of squash is pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound of squash is pounds of maize. Because Elijah has alower opportunity cost of producing squash than Aneesha,Elijah has a comparative advantage in the production of squash, andAneesha has a comparative

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 14E

See similar textbooks

Related questions

Question

Elijah and Aneesha are farmers. Each one owns a 16-acre plot of land. The following table shows the amount of maize and squash each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing maize or squash or to produce maize on some of the land and squash on the rest.

	Maize	Squash
(Pounds per acre)	(Pounds per acre)
Elijah	6	6
Aneesha	20	5

On the following graph, use the blue line (circle symbol) to plot Elijah's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Aneesha's PPF.

Elijah's PPFAneesha's PPF0801602403204004805606407208001601441281129680644832160SQUASH (Pounds)MAIZE (Pounds)160, 16Y-Intercept: 96X-Intercept: NoneSlope: 0

Aneesha has an absolute advantage in the production of maize, andElijah has an absolute advantage in the production of squash.

Elijah's opportunity cost of producing 1 pound of squash is

pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound of squash is

pounds of maize. Because Elijah has alower opportunity cost of producing squash than Aneesha,Elijah has a comparative advantage in the production of squash, andAneesha has a comparative

Expert Solution