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This Question: 1 pt 8 of 50 (5 complete) Production Possibility Schedules for Producing Alfalfa and Corn on Farms in Idaho and lowa Idaho Farm

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This Question: 1 pt 8 of 50 (5 complete) Production Possibility Schedules for Producing Alfalfa and Corn on Farms in Idaho and lowa Idaho Farm lowa Farm Alfalfa (tons per acre) Corn (bushels per acre) Alfalfa (tons per acre) The production possibilities schedules and curves for farms in Idaho and lowa are shown. Production Possibility Curves For Idaho and lowa: Alfalfa and Corn Corn production in bushels per acre 360 320 280 lowa Farm's Production 240 Possibilities Curve 200 160 120 80 Idaho Farm's Production 40 Possibilities Curve 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Alfalfa production in tons per acre 0 1 2 120 105 90 0 1 3 Corn (bushels per acre) 240 200 160 120 80 40 0 4 5 6 7 2 3 3 4 5 6 74 60 45 30 15 0 8 has the absolute advantage in producing alfalfa and has the absolute advantage in producing corn. The state with the lower opportunity cost for producing a ton of alfalfa is so the state with the comparative advantage in producing alfalfa is O A. lowa; Idaho; lowa; lowa O B. Idaho; lowa; Idaho; Idaho O C. Idaho; Idaho; Idaho; Idaho O D. lowa; lowa; lowa; lowa

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