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Tim and Alyssa are farmers. Each one owns a 12-hectare plot of land. The following table shows the amount of corn and rye each farmer
Tim and Alyssa are farmers. Each one owns a 12-hectare plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given hectare. Each farmer chooses whether to devote all hectares to producing corn or rye or to produce corn on some of the land and rye on the rest. Corn Rye (Bushels per hectare) (Bushels per hectare) Tim 20 Alyssa 28 On the following graph, use the blue line (circle symbol) to plot Tim's production possibilities curve (PPC), and use the purple line (diamond symbol) to plot Alyssa's PPC. (?) 120 O 108 Tim's PPC Alyssa's PPC RYE (Bushels) 120 180 240 300 360 420 480 640 600 CORN (Bushels) has an absolute advantage in producing corn, and has an absolute advantage in producing rye. Tim's opportunity cost of producing 1 bushel of rye is bushels of corn, whereas Alyssa's opportunity cost of producing 1 bushel of rye is bushels of corn. Because Tim has a_ opportunity cost of producing rye than Alyssa, has a comparative advantage In producing rye, and has a comparative advantage in producing com
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