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This problem considers production and comparative advantage. See the table below. Pennsylvania Maryland Bushels of Soybeans 23 per acre 15 per acre Bushels of Wheat

This problem considers production and comparative advantage. See the table below.

Pennsylvania

Maryland

Bushels of Soybeans

23 per acre

15 per acre

Bushels of Wheat

8 per acre

10 per acre

Assume each state has 100 acres of farmland to use. Use the table above to label the graph below. The graph below is an illustration of the combined daily PPF for Pennsylvania and Maryland. Note that to numerically label the graph correctly, you must first find the correct opportunity costs and comparative advantages in production, even though you are not asked to show that work here.

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