Suppose a Rancher also has 8 hours (scarce resource) with which they can produce meat (vertical axis) and potatoes (horizontal axis). The rancher does not require any additional training to switch from producing meat to potatoes or vice versa (i.e., the rancher will have a straight line PPF). The rancher's production technology allows them to produce 1 oz of potatoes in 10

minutes and 1 oz of meat in 20 minutes Suppose the farmer is considering trading with a rancher.

Question

Between the rancher and the farmer, who has comparative advantage in producing meat & who has the comparative advantage in producing potatoes? Show detailed calculations