Question
Loc and Ashima are farmers. Each one owns and 18 acre plot of land. The following table shows the amount of maize and squash. Each
Loc and Ashima are farmers. Each one owns and 18 acre plot of land. The following table shows the amount of maize and squash. Each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing a maize or squash, or to produce maize on some of the land and squash on the rest. ? Maize. (lbs per acre) Squash (lbs per acre)Loc. 12. 3Ashima. 18. 6(Loc/Ashima) has an absolute advantage in the production of maize, and (Ashima/Loc) has an absolute advantage in the production of squash.Loc's opportunity, cost of producing 1 pound of squash is ___ pounds of maize, whereas a Shaemus opportunity cost of producing 1 pound of squash is ___ pounds of maize. Because Loc has a (higher/lower) opportunity, cost of producing squash, and Ashima, (Ashima/Loc) has a comparative advantage in the production of squash, and (Ashima/Loc) how's the comparative advantage in the production of maize.
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