2. Comparative and absolute advantage Rajiv and Simone 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) Rajiv 12 3 Simone 15 5 On the following graph, use the blue line (circle symbol) to plot Rajiv's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Simone's PPF. 120 108 Rajiv's PPF 96 72 Simone's PPF RYE (Bushels) 60 48 36 24 12. 0 0 60 120 180 420 480) 540 600 240 300 360 CORN (Bushels) has an absolute advantage in the production of corn, and has an absolute advantage in the production of rye. has an absolute advantage in the production of corn, and has an absolute advantage in the production of rye. Rajiv's opportunity cost of producing 1 bushel of rye is bushels of corn, whereas Simone's opportunity cost of producing 1 bushel of rye is bushels of corn. Because Rajiv has a opportunity cost of producing rye than Simone, has a comparative advantage in the production of rye, and has a comparative advantage in the production of corn