ZuoTi.Pro
Question

Nick and Rosa are farmers. Each one owns a 20-acre plot of land. The following table...

Nick and Rosa are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of rye and corn each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing rye or com or to produce rye on some of the land and corn on the rest.


Rye

(Bushels per acre)

Corn

(Bushels per acre)

Nick189
Rosa408

On the following graph, use the blue line (circle symbol) to plot Nick's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Rosa's PPF.

image.png


_______  has an absolute advantage in the production of rye, and _______ has an absolute advantage in the production of corn.

Nick's opportunity cost of producing 1 bushel of corn is _______  bushels of rye, whereas Rosa's opportunity cost of producing 1 bushel of corn is _______ bushels of rye. Because Nick has a _______  opportunity cost of producing corn than Rosa, _______  has a comparative advantage in the production of corn, and _______  has a comparative advantage in the production of rye.


business   economics   
5 1
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

✔ Recommended Answer
Answer #1

8 0
Add a comment
Know the answer?
Add Answer to:
Nick and Rosa are farmers. Each one owns a 20-acre plot of land. The following table...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Similar Homework Help Questions

  • Kenji and Lucia are farmers. Each one owns a 12-acre plot of land

    2. Comparative and absolute advantage Kenji and Lucia are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest. Corn(Bushels per acre)Rye(Bushels per acre)Kenji204Lucia287On the following graph, use the blue line (circle symbol) to plot Kenji's...

  • Shen and Valerie are farmers. Each one owns a 12-acre plot of land.

    2. Comparative and absolute advantageShen and Valerie are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Shen186Valerie287On the following graph, use the blue line (circle symbol) to plot Shen's...

  • Dmitri and Frances are farmers. Each one owns a 20-acre plot of land

    Dmitri and Frances are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of rye and corn each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing rye or corn or to produce rye on some of the land and corn on the rest.RyeCorn(Bushels per acre)(Bushels per acre)Dmitri3010Frances287On the following graph, use the blue line (circle symbol) to plot Dmitri's production possibilities frontier (PPF),...

  • Jake and Latasha are farmers. Each one owns a 12-acre plot ofland. The following table...

    Jake and Latasha are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Jake123Latasha155On the following graph, use the blue line (circle symbol) to plot Jake's production possibilities frontier (PPF),...

  • Dmitri and Frances are farmers. Each one owns a 20-acre plot of land. The following table...

    Dmitri and Frances are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest. Corn Rye (Bushels per acre) (Bushels per acre) Dmitri 20 5 Frances 50 10 Dimitri or Frances?? has an absolute...

  • Shen and Valerie are farmers. Each one owns a 12-acre plot of land

    2. Comparative and absolute advantageShen and Valerie are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of barley and alfalfa each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of the land and alfalfa on the rest.Barley(Bushels per acre)Alfalfa(Bushels per acre)Shen186Valerie287On the following graph, use the blue line (circle symbol) to plot Shen's...

  • Eric and Ginny are farmers. Each one owns a 12-acre plot of land

    2. Comparative and absolute advantageEric and Ginny are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of barley and alfalfa each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of the land and alfalfa on the rest.Barley(Bushels per acre)Alfalfa(Bushels per acre)Eric408Ginny287On the following graph, use the blue line (circle symbol) to plot Eric's...

  • Carlos and Deborah are farmers. Each one owns a 20-acre plot of land.

    Carlos and Deborah are farmers. Each one owns a 20-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. On the following graph, use the blue line (circle symbol) to plot Carlos's production possibilities frontier (PPF), and use the purple...

  • Lorenzo and Neha are farmers. Each one owns an 18-acre plot of land.

    6. Comparative advantageLorenzo and Neha are farmers. Each one owns an 18-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(Bushe/s per acre)Barley(Bushels per acre)Lorenzo369Neha2010On the following graph, use the blue line (circle symbol) to plot Lorenzo's production possibilities...

  • 2. Comparative and absolute advantage Darnell and Eleanor are farmers. Each one owns a 12-acre plot...

    2. Comparative and absolute advantage Darnell and Eleanor are farmers. Each one owns a 12-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 (Bushels per acre) 12 15 Barley (Bushels per acre) 6 Darnell Eleanor On the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT