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Two farms, Orchard Farm and Valley Farm, each use 10 acres of land to grow fruit. In a single season, Orchard Farm can produce 500 bushels of apples OR 400 bushels of peaches. In the same season, Valley Farm can produce 450 bushels of apples OR 420 bushels of peaches. An economist correctly concludes that Orchard Farm has an absolute disadvantage in producing peaches. Which statement below provides the correct reasoning for this conclusion?
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Ch.2 Technology and incentives - The Economy 2.0 Microeconomics @ CORE Econ
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- Country Beta: 4,000 smartphones OR 800 laptops
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Two farms, Orchard Farm and Valley Farm, each use 10 acres of land to grow fruit. In a single season, Orchard Farm can produce 500 bushels of apples OR 400 bushels of peaches. In the same season, Valley Farm can produce 450 bushels of apples OR 420 bushels of peaches. An economist correctly concludes that Orchard Farm has an absolute disadvantage in producing peaches. Which statement below provides the correct reasoning for this conclusion?
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