200 180 Sean's PPF 160 140 120 Yvette's PPF 100 80 60 40 100 200 300 400 500 600 700 800 900 1000 BARLEY (Bushels) has an absolute advantage in the production of barley, and has an absolute advantage...


200<br>180<br>Sean's PPF<br>160<br>140<br>120<br>Yvette's PPF<br>100<br>80<br>60<br>40<br>100<br>200<br>300<br>400<br>500<br>600<br>700<br>800<br>900<br>1000<br>BARLEY (Bushels)<br>has an absolute advantage in the production of barley, and<br>has an absolute advantage in the production of alfalfa.<br>Sean's opportunity cost of producing 1 bushel of alfalfa is<br>bushels of barley, whereas Yvette's opportunity cost of producing 1 bushel of<br>alfalfa is<br>bushels of barley. Because Sean has a<br>opportunity cost of producing alfalfa than Yvette,<br>has a<br>comparative advantage in the production of alfalfa, and<br>has a comparative advantage in the production of barley.<br>ALFALFA (Bushels)<br>20<br>

Extracted text: 200 180 Sean's PPF 160 140 120 Yvette's PPF 100 80 60 40 100 200 300 400 500 600 700 800 900 1000 BARLEY (Bushels) has an absolute advantage in the production of barley, and has an absolute advantage in the production of alfalfa. Sean's opportunity cost of producing 1 bushel of alfalfa is bushels of barley, whereas Yvette's opportunity cost of producing 1 bushel of alfalfa is bushels of barley. Because Sean has a opportunity cost of producing alfalfa than Yvette, has a comparative advantage in the production of alfalfa, and has a comparative advantage in the production of barley. ALFALFA (Bushels) 20
Sean and Yvette are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of barley and alfalfa each farmer can<br>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<br>land and alfalfa on the rest.<br>Barley<br>Alfalfa<br>(Bushels per acre)<br>(Bushels per acre)<br>Sean<br>40<br>8<br>Yvette<br>28<br>7<br>On the following graph, use the blue line (circle symbol) to plot Sean's production possibilities frontier (PPF), and use the purple line (diamond<br>symbol) to plot Yvette's PPF.<br>

Extracted text: Sean and Yvette are farmers. Each one owns a 20-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 Alfalfa (Bushels per acre) (Bushels per acre) Sean 40 8 Yvette 28 7 On the following graph, use the blue line (circle symbol) to plot Sean's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Yvette's PPF.

Jun 11, 2022
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