1. {10 pts_] Suppose we have 2 very small economies that can produce the following twogoods in the same period, with a fixed amount of resources. Assume a straightline production possibility curve {PPFL In one day Alphaland can produce 25 plztas or 5 bottles ofwine and Betaland can produce 21 plates or 3 bottles ofwine. They could each also produce combinations of the two that fall on or under their PPF. a. Sketch the PPF's for the two players b. Complete the MOE table below [like we did in the lecture videowlth dreamllners and small jets.j Round your answer to two decimals. Show your work. Just reporting answers won't earn full credit. Marginal Opportunity Cost of: Producing 1 pizza I Producing 1 bottle of wine Alphaland c. Complete the following sentence that explains what the number In the gray shaded box means: " The marginal opportunity costs of {Alphaland or Betalandj 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 Ifour answer. e. Who has the comparative advantage in pitta? 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 E plztas? 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 plztas? Use numbers to justify your answer. If not, who would not be willing and why