MindTap - Cengage Learning X X C D ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5982802410503139790502050164&eISBN=97... New . . . KK CENGAGE MINDTAP Q Search this course ? Homework (Ch 03) X 2. Comparative and absolute advantage Edison and Hilary are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest. A-Z Corn Rye (Bushels per acre) (Bushels per acre) Edison 30 10 Hilary 28 7 ? On the following graph, use the blue line (circle symbol) to plot Edison's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Hilary's PPF. bongo 200 O 7:08 PM Type here to search 81.F Partly cloudy ~ ( 4) 10/16/2021MindTap - Cengage Learning X X C D ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5982802410503139790502050164&eISBN=97... New . . . KK CENGAGE MINDTAP Q Search this course ? Homework (Ch 03) X Ull the Tunowing graph, use the DIE IInc (CITIE Symbol) TO PIOL CUIsun's production POSSIBILITIES Bunuel (FEr), and use the purple IInc (diamond symbol) to plot Hilary's PPF. 200 A-Z O 180 Edison's PPF 160 140 120 Hilary's PPF ? 100 RYE (Bushels) Q 80 30 10 bongo 0 100 200 300 400 500 600 700 800 900 1000 CORN (Bushels) Type here to search O m O e 81.F Partly cloudy ~ ( 4.) 7:08 PM 10/16/2021MindTap - Cengage Learning X X C D ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5982802410503139790502050164&elSBN=97... New . . . CENGAGE |MINDTAP Q Search this course ? Homework (Ch 03) X 120 100 RYE (Bushels 80 60 10 A-Z 20 0 0 100 200 300 400 500 600 700 800 900 1000 CORN (Bushels) ? has an absolute advantage in the production of corn, and has an absolute advantage in the production of rye. Edison's opportunity cost of producing 1 bushel of rye is bushels of corn, whereas Hilary's opportunity cost of producing 1 bushel of rye is bushels of corn. Because Edison has a opportunity cost of producing rye than Hilary, has a comparative advantage in the production of rye, and has a comparative advantage in the production of corn. bongo Grade It Now Save & Continue Continue without saving Type here to search O EI O e 81.F Partly cloudy ~ ( 41) 7:08 PM 10/16/2021