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Question: 2 comparative and absolute advantage kenji and lucia are farmers...

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2. Comparative and absolute advantage Kenji and Lucia are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest. Corn (Bushels per acre) 20 28 Rye (Bushels per acre) 4 Kenji LuciaOn the following graph, use the blue line (circle symbol) to plot Kenjis production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Lucias PPF. 108 Kenjis PPF 96 84 72 Lucias PPF 60 48 36 24 12 0 60 120 0240 300 360 420 480 540 600 CORN (Bushels) has an absolute advantage in the production of corn, and has an absolute advantage in the production of rye. Kenjis opportunity cost of producing 1 bushel of rye is bushels of corn, whereas Lucias opportunity cost of producing 1 bushel of rye is bushels of corn. Because Kenji has a opportunity cost of producing rye than Lucia, has a comparative advantage in the production of rye, and has a comparative advantage in the production of cornKenji Luciaigher lower

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