200 v + 180 160 __ VansPPF 140 - c 1;,\" 120 Amy's PPF E .E 5 100 ~ E D! 80 - 60 d0 20 0 -|- l l l l l l l l l l 0 100 200 300 400 500 600 700 800 900 1000 CORN [Bushels) V has an absolute advantage in the production of corn, and V has an absolute advantage in the production of rye. Van's opportunity cost of producing 1 bushel of rye is E bushels of corn, whereas Amy's opportunity cost of producing 1 bushel of rye is E bushels of corn. Because Van has a V opportunity cost of producing rye than Amy, V has a comparative advantage in the production of ryef and V has a comparative advantage in the production of corn. Van and Amy 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) Van 30 10 Amy 28 7 On the following graph, use the blue line (circle symbol) to plot Van's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Amy's PPF. 200 O 180 160 Van's PPF 140 120 Amy's PPF160 van's PPT 140 120 Amy's PPF 100 RYE (Bushels) 80 60 40 20 0 0 100 200 300 400 500 600 700 800 900 1000 CORN (Bushels) has an absolute advantage in the production of corn, and has an absolute advantage in the production of rye. Van's opportunity cost of producing 1 bushel of rye is bush Amy m, whereas Amy's opportunity cost of producing 1 bushel of rye is bushels of corn. Because Van has a opportu Van t of producing rye than Amy, has a comparative advantage in the production of rye, and has a comparative advantage in me production of corn.160 140 A-Z 120 Amy's PPF RYE (Bushels) 100 80 60 40 20 0 100 200 300 400 500 600 700 800 900 1000 CORN (Bushels) bongo has an absolute advantage in the pro higher f corn, and has an absolute advantage in the production of rye. lower Van's opportunity cost of producing 1 bushel of ry bushels of corn, whereas Amy's opportunity cost of producing 1 bushel of rye is bushels of corn. Because Van has a opportunity cost of producing rye than Amy, has a comparative advantage in the production of rye, and has a comparative advantage in the production of corn. A+180 - 160 __ Van s PPF "\" 120 Amy's PPF 0 1- l l l l l l l l l l 0 100 200 300 400 500 600 T00 800 900 1000 CORN (Bushels) V has an absolute advantage in the production of corn, and V has an absolute advanta- production of rye. Van Van's opportunity cost of producing 1 bushel of rye is E bushels of corn, whereas Amy's opportun of producing 1 bushel of rye is E bushels of corn. Because Van has a V opportunity cost of producing rye than Amy, V has a comparative advantage in the production of rye, and V has a comparative advantage in the production of corn. 160 __ vans l"l"l' 120 Amy's PPF 100 v RYE (Bushels) 80- 60+ 40 20+ 0 1- I I I I I I I I I I 0 100 200 300 400 500 600 700 800 900 1000 CORN (Bushels) V has an absolu - . tage in the production of corn, and V has an absolute advantage in the production of rye. Van's opportunity cost of I g 1 bushel of rye is E bushels of corn, whereas Amy's opportunity cost of producing 1 bushel of rye is E bushels of c- the production of rye, and V has a comparative advantage in the production of corn. use Van has a V opportunity cost of producing rye than Amy, V has a comparative advantage in