2 Suppose That The Following Table Gives Recent Figures For Yield Per Acre Ininois A 3445057

2. Suppose that the following table gives recent figures for yield per acre ininois and Kansas: 37 51 42 31 If we assume that farmers in inois and Kansas use the same amount of labor, capital, and fertilizer, which state has an absolute advantage in wheat production and has an absolute advantage in wheat production and (2) has an absolute advantage in soybean production. If we transfer land out of wheat into soybeans, how many bushels of wheat do we give up in Ilinois and in Kansas per additional bushel of soybean production? In linois, an additional bushel of soybean production results in esults in fewer bushels of wheat, and in Kansas, an additional bushel of soybean production fewer bushels of wheat. (Enter your responses rounded to three decimal places) Which state has a comparative advantage in soybean production and in soybean production? has a comparative advantage in soybean production and (4) has a comparative advantage in wheat production The following table gives the distribution of land planted for each state in millions of acres in the same year TILL WHEAT SOYBEANS (83%) 11.8 70% (397%) 1.9 Kansas 20.7 2% Are these data consistent with your answers above? (5) (1) O Kansas (2) Kansas (3) O Kansas 4) O Kansas (5) O No O Illinois linois O Yes

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