2. Comparative and absolute advantage Loc and Ashima are farmers. Each one owns an 18acre 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 Sq uash (Pounds per acre) (Pounds per acre) Loc 28 7 Ashima 18 6 On the following graph, use the blue line (circle symbol) to plot Loc's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Ashima's PPF. 180 O 162 Loc's PPF 144 126 108 Ashima's PPF 90 SQUASH (Pounds) 72 54 36 18 O 90 180 270 360 450 540 630 720 810 900 MAIZE (Pounds)Y has an absolute advantage in the production of maize, and Y has an absolute advantage in the production of squash. Loc's opportunity cost of producing 1 pound of squash is C] pounds of maize, whereas Ashima's opportunity cost of producing 1 pound of squash is |:] pounds of maize. Because Loc has a V opportunity cost of producing squash than Ashima, V has a comparative advantage in the production of squash, and v has a comparative advantage in the production of maize