Elijah and Aneesha are farmers. Each one owns an 18-acre plot of land. The following table shows the amount of maize and squash each farmer canproduce per year on a given acre. Each farmer chooses whether to devote all acres to producing maize or squash or to produce maize on some of theland and squash on the rest.SQUASH (Pounds)On the following graph, use the blue line (circle symbol) to plot Elijah's production possibilities frontier (PPF), and use the purple line (diamondsymbol) to plot Aneesha's PPF.SQUASH (Pounds)ElijahAneesha180162144126108Show Transcribed Text9018036721625418On the following graph, use the blue line (circle symbol) to plot Elijah's production possibilities frontier (PPF), and use the purple line (diamondsymbol) to plot Aneesha's PPF.14401261089072MaizeSquash(Pounds per acre) (Pounds per acre)123186090 180 270300 450 540 630 720 810 900MAIZE (Pounds)Elijah's PPFAneesha's PPFElijah's opportunity cost of producing 1 pound of squash issquash ispounds of maize. Because Elijah has acomparative advantage in the production of squash, and tElijah's PPFhas an absolute advantage in the production of maize, andAneesha's PPF(?)?has an absolute advantage in the production of squash,pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound ofopportunity cost of producing squash than Aneesha,has ahas a comparative advantage in the production of maize.

Production possibility frontier is an economic tool that is used to graphical represent the ability…

has an absolute advantage in the production of maize, and has an absolute advantage in the production of squash, pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound of opportunity cost of producing squash than Aneesha, has a has a comparative advantage in the production of maize. Elijah's opportunity cost of producing 1 pound of squash is squash is pounds of maize. Because Elijah has a comparative advantage in the production of squash, and

has an absolute advantage in the production of maize, and has an absolute advantage in the production of squash, pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound of opportunity cost of producing squash than Aneesha, has a has a comparative advantage in the production of maize. Elijah's opportunity cost of producing 1 pound of squash is squash is pounds of maize. Because Elijah has a comparative advantage in the production of squash, and

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 7SQ

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