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Larry and Megan are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of barley and alfalfa each farmer

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Larry and Megan are farmers. Each one owns a 12-acre plot of land. The following table shows the amount 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) Larry 12 3 Megan 18 On the following graph, use the blue line (circle symbol) to plot Larry's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Megan's PPF. (?) 120 O 100 Larry's PPF 96 72 Megan's PPF ALFALFA (Bushels] 48 24 12 60 120 100 240 300 360 420 400 540 600 BARLEY (Bushels)has an absolute advantage in the production of barley, and has an absolute advantage in the production of alfalfa. Larry's opportunity cost of producing 1 bushel of alfalfa is bushels of barley, whereas Megan's opportunity cost of producing 1 bushel of alfalfa is bushels of barley. Because Larry has a opportunity cost of producing alfalfa than Megan, has a comparative advantage in the production of alfalfa, and has a comparative advantage in the production of barley

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