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2. Comparative and absolute advantage Sean and Yvette are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of
2. Comparative and absolute advantage
Sean and Yvette are farmers. Each one owns a 12-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.
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