Business, 07.03.2020 06:24 avi46

Musashi and Rina are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of barley and alfalfa each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of their land and alfalfa on the rest.

Barley Alfalfa
Bushels per acre Bushels per acre
Musashi 40 8
Rina 28 7
(Rina, Musashi) has an absolute advantage in the production of barley, and (Rina, Musashi) has an absolute advantage in the production of alfalfa.

Musashi's opportunity cost of producing 1 bushel of alfalfa is ( )bushels of barley whereas Rina's opportunity cost of producing 1 bushel of alfalfa is () bushels of barley. Because Musashi has a (higher, lower) opportunity cost of producing alfalfa than Rina, (Rina, Musashi) has a comparative advantage in the production of alfalfa, and (Rina, Musashi)? has a comparative advantage in the production of barley.

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Musashi and Rina are farmers. Each one owns a 12-acre plot of land. The following table shows the am...

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