The answer consists of the ppf of Cuba and also the calculations of opportunity costs of producing sugar and tobacco in both the countries in order to know about the country that has a comparative advantage in the production of tobacco.
Suppose that Cuba produces sugar and tobacco using its land. On cach acre of land, it...
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...
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...
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...
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...
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...
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),...
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)Nick189Rosa408On the following graph, use the blue line (circle symbol) to plot Nick's production possibilities frontier (PPF),...
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...
Jonas or Janis has an absolute advantage in the production of rye and Jonas, or Janis has an absolute advantage in the production of alfalfa. Jonas’ opportunity cost of producing one ton of alfalfa is 2, 3, 4, or 5 tons of rye, while Janis opportunity cost of producing a ton of alfalfa is 2, 3, 4, or 5, tons of rye. Because Jonas has a higher or lower opportunity cost of producing alfalfa that Janis. Janis or Jonas has...
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),...