2. Comparative and absolute advantage Rajiv and Simone are farmers. Each one owns a 20acre plot of land. The foilowing table shows the amount of rye and porn each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing we or corn or to produce rye on some of the land and corn on the rest. Rye Corn (Bushels per acre} (Bushefs per acre) Rajiv 4D 8 Simone 23 I" On the following graph, use the blue line ( circle symbol) to plot Rajiv's production possibilities frontier {PPF}, and use the purple line 1" diamond symbol) to plot Simone 's PPF. \fCORN 3 an 40 an o n imamsnomczsnoanomsmauomuo RYE {Bushels} v has an absolute advantage in the produch'on of rye, and v has an absolute advantage in the production of corn. Rajiv's opportunity cost of producing l bushel of corn is: bushels of we, whereas Simone's opportunity cost of producing 1 bushel of corn is E bushels of rye. Because Rajiv has a v opportunityr cost of producing corn than Simone. v has a comparative advantage in the producljon of cornr and V has a comparative advantage in the production of rye