(Solved): 2. Comparative and absolute advantage David and Morgan are farmers. Each one owns a 14-acre plot o ...

2. Comparative and absolute advantage David and Morgan are farmers. Each one owns a 14-acre plot of land. The following table shows the amount of zucchini and watermelon each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing zucchini or watermelon or to produce zucchini on some of the land and watermelon on the rest. On the following graph, use the blue line (circle symbol) to plot David's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Morgan's PPF. Homework (Ch 03) symbol) to plot Morgan's PPF. has an absolute advantage in the production of zucchini, and has an absolute advantage in the production of watermelon. David's opportunity cost of producing 1 pound of watermelon is pounds of zucchini, whereas Morgan's opportunity cost of producing 1 has a comparative advantage in the production of watermelon, and has a comparative advantage in the production of zucchini.