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Clancy and Eileen are farmers. Each one owns a 10-acre plot of land. The following table shows the amount of rye and corn each farmer
Clancy and Eileen are farmers. Each one owns a 10-acre plot of land. The following table shows the amount of rye and corn each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing rye or corn or to produce rye on some of the land and corn on the rest. Rye Corn (Bushels per acre) (Bushels per acre) Clancy 12 6 Eileen 20 On the following graph, use the blue line (circle symbol) to plot Clancy's production possibilities frontier (PFF), and use the purple line (diamond symbol) to plot Eileen's PPF. 100 90 80 Clancy's PPF 70 O 60 Eileen's PPF CORN (Bushels) 50 30 20 10 50 100 150 200 260 300 350 400 450 500 RYE (Bushels) has an absolute advantage in the production of rye, and has an absolute advantage in the production of corn. Clancy's opportunity cost of producing 1 bushel of corn is_ Ibushels of rye, whereas Eileen's opportunity cost of producing 1 bushel of corn is bushels of rye. Because Clancy has a opportunity cost of producing corn than Eileen, has a comparative advantage in the production of corn, and has a comparative advantage in the production of rye
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