Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. 5. Comparative and absolute advantageCharles and Dina are farmers. Each one owns a 16-acre plot of land. The following table shows theamount of rye and corn each farmer can produce per year on a given acre. Each farmer chooseswhether to devote all acres to producing rye or corn or to produce rye on some of the land andcorn on the rest.CORN (Bushels)On the following graph, use the blue line (circle symbol) to plot Charles's production possibilitiescurve (PPC), and use the purple line (diamond symbol) to plot Dina's PPC.160CharlesDina144128112NO16RyeCorn(Bushels per acre) (Bushels per acre)2715•930 80 160 240 320 400 480 500 600 720 800RYE (Bushels)Charles's PPC1Dina's PPChas an absolute advantage in the production of rye, andadvantage in the production of corn.has an absoluteCharles's opportunity cost of producing 1 bushel of corn isDina's opportunity cost of producing 1 bushel of corn ishas aopportunity cost of producing corn than Dina,advantage in the production of corn, andhas a comparative advantage in theproduction of rye.bushels of rye, whereasbushels of rye. Because Charleshas a comparative

Charles and Dina are two farmers. Each owns a 16-acre plot of land. Each farmer produces two goods,…

has an absolute advantage in the production of rye, and advantage in the production of corn. Charles's opportunity cost of producing 1 bushel of corn is Dina's opportunity cost of producing 1 bushel of corn is has a opportunity cost of producing corn than Dina, advantage in the production of corn, and production of rye. has an absolute bushels of rye, whereas bushels of rye. Because Charles has a comparative has a comparative advantage in the

has an absolute advantage in the production of rye, and advantage in the production of corn. Charles's opportunity cost of producing 1 bushel of corn is Dina's opportunity cost of producing 1 bushel of corn is has a opportunity cost of producing corn than Dina, advantage in the production of corn, and production of rye. has an absolute bushels of rye, whereas bushels of rye. Because Charles has a comparative has a comparative advantage in the

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains Rrom Trade

Section: Chapter Questions

Problem 6PA

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Could you please help me answer these 3 questions please including the graph
E3
What is the answer
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Q.1
what is the graph for this?