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(Solved): David and Morgan are farmers. Each one owns a 16-acre plot of land. The following table shows the a ...




David and Morgan are farmers. Each one owns a 16-acre plot of land. The following table shows the amount of maize and squash
has an absolute advantage in the production of maize, and has an absolute advantage in the production of squash.
Davids oppo
David and Morgan are farmers. Each one owns a 16-acre plot of land. The following table shows the amount of maize and squash each farmer can produce per year on a given acre. Each famer chooses whether to devote all acres to producing maize orsquash or to produce maize on some of the land and squash 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. has an absolute advantage in the production of maize, and has an absolute advantage in the production of squash. David's opportunity cost of producing 1 pound of squash is pounds of maize, whereas Morgan's opportunity cost of producing 1 pound of squash is pounds of maize. Because David has a opportunity cost of producing squash than Morgan, has a comparative advantage in the production of squash, and has a comparative advantage in the production of maize.


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