WATERMELON (Pounds) 180 162 144 Elijah's PPF 126 108 90 72 54 36 18 0 0 90 180 270 360 450 540 630 720 810 900 ZUCCHINI (Pounds) has an absolute advantage in the production of zucchini, and watermelon. Aneesha's PPF (?) has an absolute advantage in the production of Elijah's opportunity cost of producing 1 pound of watermelon is pound of watermelon is pounds of zucchini, whereas Aneesha's opportunity cost of producing 1 opportunity cost of producing watermelon than Aneesha, pounds of zucchini. Because Elijah has a has a comparative advantage in the production of watermelon, and has a comparative advantage in the production of zucchini.
WATERMELON (Pounds) 180 162 144 Elijah's PPF 126 108 90 72 54 36 18 0 0 90 180 270 360 450 540 630 720 810 900 ZUCCHINI (Pounds) has an absolute advantage in the production of zucchini, and watermelon. Aneesha's PPF (?) has an absolute advantage in the production of Elijah's opportunity cost of producing 1 pound of watermelon is pound of watermelon is pounds of zucchini, whereas Aneesha's opportunity cost of producing 1 opportunity cost of producing watermelon than Aneesha, pounds of zucchini. Because Elijah has a has a comparative advantage in the production of watermelon, and has a comparative advantage in the production of zucchini.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 10RQ: What is comparative advantage?
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