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1. Production possibilities without trade Andrew and Beth are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of
1. Production possibilities without trade Andrew and Beth are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest. Corn Rye (Bushels per acre) ( Bushels per acre) Andrew 40 8 Beth 28 7 On the following graph, use the blue line (circle symbol) to plot Andrew's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Beth's PPF.
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