Question: 1 . Comparative and absolute advantage Rajiv and Simone are farmers. Each one owns a 20-hectare plot of land. The following table shows the amount
1 . Comparative and absolute advantage
Rajiv and Simone are farmers. Each one owns a 20-hectare plot of land. The following table shows the amount of barley and alfalfa each farmer can produce per year on a given hectare. Each farmer chooses whether to devote all hectares to producing barley or alfalfa or to produce barley on some of the land and alfalfa on the rest.
| Barley | Alfalfa | |
|---|---|---|
| (Bushels per hectare) | (Bushels per hectare) | |
| Rajiv | 20 | 5 |
| Simone | 50 | 10 |
On the following graph, use the blue line (circle symbol) to plot Rajiv's production possibilities curve (PPC), and use the purple line (diamond symbol) to plot Simone's PPC.

Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
