1. (10 pts.) Suppose we have 2 very small economies that can produce the following two goods in the same period, with a fixed amount of resources. Assume a straight-line production possibility curve (PPF). In one day Alphaland can produce 25 pizzas or 5 bottles of wine and Betaland can produce 21 pizzas or 3 bottles of wine. They could each also produce combinations of the two that fall on or under their PPF. a. Sketch the PP F's for the two players b. Complete the MOC table below (like we did in the lecture video with dreamliners and small jets.) Round your answer to two decimals. Show your work. Just reporting answers won't earn full credit. I Marginal Opportunity Cost of: Producing 1 pizza Producing 1 bottle of wine Alphaland bottles of wine pizzas Betaland bottles of wine pizzas c. Complete the following sentence that explains what the number in the gray shaded box means: \" The marginal opportunity costs of (Alphaland or Betaland) producing one more (pizza or bottle of wine) is (enter a number) bottles of wine.\" d. Who has the absolute advantage in wine? Use numbers to explain your answer. e. Who has the comparative advantage in pizza? Use numbers to justify your answer. (This means to show or prove your answer is correct.) Show your calculations when used and round your answers to 2 decimal places. f. Who has the comparative advantage in wine? Use numbers to justify your answer. Show your calculations when used and round your answers to 2 decimal places. g. Suppose the countries specialize in the good for which they have comparative advantage. Would the both countries be willing to trade 1 bottle of wine for 6 pizzas? Use numbers to justify your answer. If not, who would not be willing and why? h. Suppose the countries specialize in the good for which they have comparative advantage. Would the both countries be willing to trade 1 bottle of wine for 8 pizzas? Use numbers to justify your answer. If not, who would not be willing and why