(Solved): 2. Comparative and absolute advantage Elijah and Aneesha are farmers. Each one owns a 16-acre plot ...

2. Comparative and absolute advantage Elijah and Aneesha are farmers. Each one owns a 16-acre plot of land. The following table shows the amount of squash and maize each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing squash or maize or to produce squash on some of the land and maize on the rest. On the following graph, use the blue line (circle symbol) to plot Elijah's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Aneesha's PPF. has an absolute advantage in the production of squash, and has an absolute advantage in the production of maize. Elijah's opportunity cost of producing 1 pound of maize is maize is pounds of squash. Because Elijah has a pounds of squash, whereas Aneesha's opportunity cost of producing 1 pound of comparative advantage in the production of maize, and opportunity cost of producing maize than Aneesha, has a has a comparative advantage in the production of squash.