Comparative and absolute advantageElijah and Aneesha are farmers. Each one owns an 18-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.ZucchiniWatermelon(Pounds per acre)(Pounds per acre)Elijah123Aneesha186 watermelon.has an absolute advantage in the production of zucchini, andElijah's opportunity cost of producing 1 pound of watermelon ispound of watermelon iszucchini.has an absolute advantage in the production ofpounds of zucchini, whereas Aneesha's opportunity cost of producing 1pounds of zucchini. Because Elijah has a▼ opportunity cost of producing watermelon than Aneesha,has a comparative advantage in the production of watermelon, andhas a comparative advantage in the production of On the following graph, use the blue line (circle symbol) to plot Elijah's production possibilities frontier (PPF), and use the purple line (diamondsymbol) to plot Aneesha's PPF.WATERMELON (Pounds)18016214412610890725436180090180 270 360 450 540 630 720ZUCCHINI (Pounds)810H900Elijah's PPFAneesha's PPF?

Absolute advantage describes a situation where a country, individual, or entity can produce a…

Answered: Elijah and Aneesha are farmers. Each…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Comparative and absolute advantage

Elijah and Aneesha are farmers. Each one owns an 18-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.

ZucchiniWatermelon(Pounds per acre)(Pounds per acre)Elijah123Aneesha186

watermelon.
has an absolute advantage in the production of zucchini, and
Elijah's opportunity cost of producing 1 pound of watermelon is
pound of watermelon is
zucchini.
has an absolute advantage in the production of
pounds of zucchini, whereas Aneesha's opportunity cost of producing 1
pounds of zucchini. Because Elijah has a
▼ opportunity cost of producing watermelon than Aneesha,
has a comparative advantage in the production of watermelon, and
has a comparative advantage in the production of

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.
WATERMELON (Pounds)
180
162
144
126
108
90
72
54
36
18
0
0
90
180 270 360 450 540 630 720
ZUCCHINI (Pounds)
810
H
900
Elijah's PPF
Aneesha's PPF
?

Definition Video Definition Ability of a country to produce more output with a given level of input or to produce the same level of output with a lower level of input as compared to the other countries. For example, if Country A produces 200 units with the help of 10 units of labor, and Country B produces 300 units with 10 units of labor, Country A has an absolute advantage in the production of the good. Video

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