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Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am am you to
Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am am you to please fix it for, me thank you.
Jacques and Kyoko are farmers. Each one owns a 20-acre plot of land. The following table show count of barley and alfalfa each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of the land and alfalfa on the rest. Barley Alfalfa (Bushels per acre) (Bushels per acre) Jacques 10 Kyoko 28 On the following graph, use the blue line (circle symbol) to plot Jacques production possibilities frontier (PFF), and use the purple line (diamond symbol) to plot Kyoko's PPF. 0- Jacques's PPF Kyoko's PPF ALFALFA (Busheb) 100 205 300 400 509 600 700 806 906 1000 BARLEY (Bushels) has an absolute advantage in the production of barley, and has an absolute advantage in the production of alfalfa. Jacques's opportunity cost of producing 1 bushel of alfalfa is bushels of barley, whereas Kyoko's opportunity cost of producing 1 bushel of alfalfa is bushels of barley. Because Jacques has a opportunity cost of producing alfalfa than Kyoko. has a comparative advantage in the production of alfalfa, and has a comparative advantage in the production of barley. 1" Blank: My answer is: Jacques 2" Blank: My answer is: Kyoko has an absolute advantage in the production of alfalfa 3'd Blank: Jacques's opportunity cost of producing 1 bushel of alfalfa is: My answer is 100 bushels of barley 4" Blank: Kyoko's opportunity cost of producing 1 bushel of alfalfa is: My answer is 40 bushels of barley 5th Blank: Because Jacques has a: My answer is lower opportunity cost of producing alfalfa than Kyoko, 6th Blank: My answer is Kyoko has a comparative advantage 7th Blank: My answer is Kyoko has a comparative advantage in the production of barleyStep by Step Solution
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