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n/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1365918871&snapshotld=2722 Shopping Cart | Ze... mySNHU Login Class BUS-206: Busi... B BankMobile: Accoupouring on the Pou.. ClassLink for DoDEA CENGAGE | MINDTAP Module Two Quiz
n/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1365918871&snapshotld=2722 Shopping Cart | Ze... mySNHU Login Class BUS-206: Busi... B BankMobile: Accoupouring on the Pou.. ClassLink for DoDEA CENGAGE | MINDTAP Module Two Quiz (? 100 90 80 Kenji's PPF 70 8 Lucia's PPF BARLEY (Bushels) 20 10 0 50 100 150 200 250 300 350 400 450 500 ALFALFA (Bushels) Lucia * has an absolute advantage in the production of alfalfa, and Kenji V has an absolute advantage in the production of barley. Kenji's opportunity cost of producing 1 bushel of barley is 2 bushels of alfalfa, whereas Lucia's opportunity cost of producing 1 bushel of barley is 5 bushels of alfalfa. Because Kenji has a lower V opportunity cost of producing barley than Lucia, Kenji has a compara advantage in the production of barley, and Lucia has a comparative advantage in the production of alfalfa. to search O m P O M E N DII DDI F12 F8 F9 F10 F11Going Beneath the Su x Going Beneath the Su x PHE 101 Milestone Or X B 2-1 Quiz - ECO-201-1 x MindTap - Cengage l X * Eco ch 9:3 Q3.pdf com/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&eISBN=9780357133576&id=1365918871&snapshotld=2722786& Shopping Cart | Ze.. .. mySNHU Login Class BUS-206: Busi.. 3 BankMobile: Accoupouring on the Pou. ClassLink for DODEA CENGAGE |MINDTAP Module Two Quiz 2. Comparative and absolute advantage Kenji and Lucia are farmers. Each one owns a 10-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the land and barley on the rest. Alfalfa Barley (Bushels per acre) ( Bushels per acre) Kenji 12 Lucia 20 On the following graph, use the blue line (circle symbol) to plot Kenji's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Lucia's PPF. (? 100 g Kenji's PPF 70 Lucia's PPF 60 41'F Cloudy ~ ushels P O n search O M E NBeneath the Su X Going Beneath the Su x PHE 101 Milestone Or X B 2-1 Quiz - ECO-201-T x MindTap - Cengage L X Eco ch taticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1365918871&snapshotld=2722786& Shopping Cart | Ze... mySNHU Login Class BUS-206: Busi. 3 BankMobile: Accoupouring on the Pou. ClassLink for DoDEA CENGAGE | MINDTAP Module Two Quiz 90 O 80 Kenji's PPF 70 60 Lucia's PPF 50 BARLEY (Bushels) 30 20 10 50 100 150 200 250 300 350 400 450 500 ALFALFA (Bushels) Lucia has an absolute advantage in the production of alfalfa, and Kenji V has an absolute advantage in the production of barley. Kenji's opportunity cost of producing 1 bushel of barley is 2 bushels of alfalfa, whereas Lucia's opportunity cost of producing 1 bushel of 5 bushels of alfalfa. Because Kenji has a lower opportunity cost of producing barley than Lucia, Kenji has a comparative barley is advantage in the production of barley, and Lucia V has a comparative advantage in the production of alfalfa. Grade It Now Save & Continue Continue without saving 41F Cloud O n P N M E INS F12
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