felix and kim are farmers.each one owns 5 acres of land the following table show

Question

felix and kim are farmers.each one owns 5 acres of land the following table shows the amount of corn and alfelfa each farmer can produce on any given acre. both farmers can chose wheater to devot 5 acres for producing corn only, alfelfa only,or to producing both. Felix- corn (tons per acre)10. alfelfa(tons per acre) 5

Kim-Corn(tons per acre) 12. alfelfa (tons per acre) 4

___________(Kim or Felix)has an absolute adantage in production of corn and _______(felixx or kim) has an absolute advantage in production of alfelfa

Felix's oppertunity cost of producing one ton of alfelfa ______________(2,3,4,5 tons of corn)whereas kims oppertunity cost of producing one ton of alfelfa is _________(2,3,4,5 tons of corn) Because felix has a ______(lower, Higher) oppertunity cost  of producing alfelfa then kim,______(felix or kim)has a comparative advantage  of alfelfa and ______(kim ,felix) has a comparative advantage of in the production of corn

Explanation / Answer

anwer in order wise.. 1) kim

2)felix

3) 2

4) 3

5) lower

6)felix

7) kim

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