(Solved): microeconomics  2. Comparative and absolute advantage Elijah and Aneesha are farmers. Each one ...

2. Comparative and absolute advantage 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 can produce 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 the land and squash on the rest. On the following graph, use the blue Mne (circle symbol) to piot Elijah's production possibijties frontier (PPF), antd use the purple Nine (dliamond symbol) to plot Aneesha's PPF. has an absolute advantage in the production of maize, and has an absolute advantage in the production of squash. Aneesha betunity cost of producing 1 pound of squash is pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound of Elajah pounds of maize. Because Elijah has a opportunity cost of producing squash than Aneesha, has a Comparowe advantage in the production of squash, and has a comparative advantage in the production of maize. Homework (Ch 03) has an absolute advantage in the production of maize, and has an absolute advantage in the production of squash. Elijah's opportunity cost of producing 1 pound of squash is squash is pounds of maize. Because Elijah has a pour , whereas Aneesha's opportunity cost of producing 1 pound of comparative advantage in the production of squash, and og ist of producing squash than Aneesha, has a ha tive advantage in the production of maize. Continue without saving has an absolute advantage in the productior , and has an absolute advantage in the production of squash. Eligah's opportunity cost of producing 1 pound of squash is [ |pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound of squash is pounds of maize, Because Elijah has a opportunity cost of producing squash than Aneesha, has a comparative advantage in the production of squash, and has a comparative advantage in the production of maize. has an absolute advantage in the preduction of maize, and has an absolute advantage in the \( \eta \) squash. Eljah's opportunity cost of producing 1 pound of squash is pounds of maize, whereas Aneesha's opportunity cost I 1 pound of squash is pounds of maize. Because Elijah has a opportunity cost of producing squash than Aneesha, has a comparative advantage in the production of squash, and has a comparative advantage in the production of maize. has an absolute advantage in the production of maize.; and has an absolute advantage in the peoduction of squash. Elijah's opportunity cost of producing 1 pound of squash pounds of maize, whereas Aneesha's opportunity cost of producing 1 pound of squash is pounds of maize. Because Eliah ha r opportunity cost of producing squash than Aneesha, has a comparative advantage in the production of squash, and has a comparative advantage in the production of maize.