Question
Dmitri and frances are farmers. Each one owns a 12-acre plot of land. The following information shows the amount of rye and corn each farmer
Dmitri and frances are farmers. Each one owns a 12-acre plot of land. The following information 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.
Dmitri: 18 bushels of rye per acre and 6 bushels of corn per acre
Frances: 28 bushels of rye per acre and 7 bushels of corn.
graph this. use the blue line to plot dmitri's production possibilities. Use the purple line to plot frances's ppf.
(Dmitri or Frances) has an absolute advantage in the production of rye, and (Dmitri or Frances) has an absolute advantage in the production of corn. Dmitri's opportunity cost of producing 1 bushels of corn is (blank) bushels of rye, whereas Framces's opportunity cost of producing 1 bushels of corn is (blank) bushels of rye. Because Dmitri has a (higher or lower) opportunity cost of producing corn than Frances, (Dmitri or Frances) has a comparative advantage in the production of corn, and (Dmitri or Frances) has a comparative advantage in the production of rye.
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