5. Suppose Mike and Johnson produce two products—hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts.

a. Draw the production possibility curve.

b. Who enjoys the absolute advantage of producing both?

c. Who has a higher opportunity cost of making T-shirts?

d. Who has a comparative advantage in producing hamburgers?