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1. Consider the countries of Canada and Mexico. In one month, Canada can produce a maximum of 150 wheat or 20C! barley. Mexico can also

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1. Consider the countries of Canada and Mexico. In one month, Canada can produce a maximum of 150 wheat or 20C! barley. Mexico can also maximize production of 15111 wheat, but their maximum barley output is 150. a. Assuming each country devotes half of its resources to growing each crop, calculate the production level of each crop in each country and overall production. {3 pts.) b. Determine comparative advantage in each and show how you found this. (4 pts.l c. Calculate production levels in each country of each crop under specialization and also overall production. {3 pts.} d. How much of each crop was gained by specialization? [2 pts.)

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