MindTap - Cengage Learning X 2-1 Quiz - ECO-202-13955 Mac om/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1375760397&snapshotld=2739830& CENGAGE | MINDTAP Module Two Quiz Back to Assignment Attempts 1.7 1 Keep the Highest 1.7 / 3 2. Comparative and absolute advantage Sam and Teresa are farmers. Each one owns a 16-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) Sam 28 6 Teresa 18 On the following graph, use the blue line (circle symbol) to plot Sam's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Teresa's PPF. ? 180 144 Sam's PPF 128 112 88 Teresa's PPF CORN (Bushels) 80 180 240 320 400 480 560 640 720 800 RYE (Bushels) has an absolute advantage in the production of rye, and has an absolute advantage in the production of corn. Sam's opportunity cost of producing 1 bushel of corn is bushels of rye, whereas Teresa's opportunity cost of producing 1 bushel of corn is bushels of rye. Because Sam has a opportunity cost of producing corn than Teresa, has a comparative advantage in the production of corn, and has a comparative advantage in the production of rye. Grade It Now Save & Continue Continue without saving Type here to search O W AMSU