_Lucia or Kenji________ has an absolute advantage in the production of alfalfa, and ___Lucia or Kenji____ has an absolute advantage in the production of barley. Kenji's opportunity cost of producing 1 bushel of barley is _______bushels of alfalfa, whereas Lucia's opportunity cost of producing 1 bushel of barley is___________bushels of alfalfa. Because Kenji has a _________ opportunity cost of producing barley than Lucia, ________ has a comparative advantage in the production of barley, and ________ has a comparative advantage in the production of alfalfa. Kenji and Lucia are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer canproduce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of theland and barley on the rest.AlfalfaBarley(Bushels per acre)(Bushels per acre)Kenji408.Lucia287On the following graph, use the blue line (circle symbol) to plot Kenji's production possibilities frontier (PPF), and use the purple line (diamondsymbol) to plot Lucia's PPF.200O180Kenji's PPF160140120Lucia's PPF10080604020100200300400500600700800900 1000ALFALFA (Bushels)BARLEY (Bushels)

Name: _Lucia or Kenji________ has an absolute advantage in the production
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Description: _Lucia or Kenji________ has an absolute advantage in the production of alfalfa, and ___Lucia or Kenji____ has an absolute advantage in the production of barley. Kenji's opportunity cost of producing 1 bushel of barley is _______bushels of alfalf

The international trade theories of absolute advantage and comparative advantage emphasize why free…

Answered: Kenji and Lucia are farmers. Each one…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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_Lucia or Kenji________ has an absolute advantage in the production of alfalfa, and ___Lucia or Kenji____ has an absolute advantage in the production of barley.

Kenji's opportunity cost of producing 1 bushel of barley is _______bushels of alfalfa, whereas Lucia's opportunity cost of producing 1 bushel of barley is___________bushels of alfalfa. Because Kenji has a _________ opportunity cost of producing barley than Lucia, ________ has a comparative advantage in the production of barley, and ________ has a comparative advantage in the production of alfalfa.

Kenji and Lucia are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can
produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the
land and barley on the rest.
Alfalfa
Barley
(Bushels per acre)
(Bushels per acre)
Kenji
40
8.
Lucia
28
7
On the following graph, use the blue line (circle symbol) to plot Kenji's production possibilities frontier (PPF), and use the purple line (diamond
symbol) to plot Lucia's PPF.
200
O
180
Kenji's PPF
160
140
120
Lucia's PPF
100
80
60
40
20
100
200
300
400
500
600
700
800
900 1000
ALFALFA (Bushels)
BARLEY (Bushels)

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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