(Answered) Assume nebraska and virginia each have 100 acres of

Management Studies

Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states:

Nebraska Virginia

Wheat 14 2

Cotton 15 3

Who has the absolute advantage in the production of wheat?

Who has the absolute advantage in the production of cotton?

Who has the comparative advantage in the production of wheat?

Who has the comparative advantage in the production of cotton?

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