to produce an extra ton of cotton in texas causes the production of peaches in texas to fall by four tons. to produce an extra ton of ton of cotton in south carolina causes the production of peaches in south carolina to fall by six tons. which, if any, of these two states - texas or south carolina - has a comparative advantage over the other state in producing peaches?

Respuesta :

In an economy, the production possibility curve shows the combination of two goods that can be made with the same resources. The fact that the opportunity cost of producing a single good remains constant indicates that PPC is a straight line.

To put it another way, it means that a certain amount of another good must be sacrificed in order to produce one good.

What is creation plausibility bend make sense of?

A model known as the Production Possibilities Curve (PPC) is used to illustrate the tradeoffs that arise when resources are divided between two goods' production. The concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contraction can all be illustrated with the help of the PPC.

To learn more about production possibility curve here:

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