(Rachel or Susan) has an absolute advantage in the production of corn, and (Rachel or Susan) has an absolute advantage in the production of rye. Raphael's opportunity cost of producing 1 bushel of rye is (BLANK) bushels of corn, whereas Susan's opportunity cost of producing 1 bushel of rye is (BLANK) bushels of corn. Because Raphael has a (higher or lower) opportunity cost of producing rye than Susan, (Rachel or Susan) has a comparative advantage in the production of rye, and (Rachel or Susan) has a comparative advantage in the production of corn. On the following graph, use the blue line (circle symbol) to plot Raphael's production possibilities frontier (PPF), and use the purple line (diamondsymbol) to plot Susan's PPF.(?200180Raphael's PPF160140120Susan's PPF100806040201002003004005006007008009001000CORN (Bushels)RYE(Bushels) Raphael and Susan are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of corn and rye each farmer can produceper 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 onthe rest.CornRye(Bushels per acre)(Bushels per acre)Raphael18Susan408

Comparative advantage refers to the ability of the country or an individual to produce the good at a…

Raphael and Susan 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) Raphael 18 Susan 40 8

Raphael and Susan 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) Raphael 18 Susan 40 8

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 13RQ: Explain why societies cannot make a choice above their production possibilities frontier and should...

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