1. The Ricardian Model (chapter 3) The country, called \"Home\" has the following characteristics regarding factors of production and productivity: The only factor of production is labor, of which the country has a total of 1200 units. With this factor of production the country can produce two goods: apples and bananas. The unit labor requirement in apple production is 3. (It takes 3 unit of labor to produce 1 apple). The unit labor requirement in banana production is 2. (It takes 2 units of labor to produce 1 banana). (3) Putting bananas on the horizontal axis, and apples on the vertical axis, draw the production possibilities frontier for the country \"Home\". (b) Calculate the numerical opportunity cost of apples in terms of bananas and explain verbally the meaning of opportunity cost. (c) As long as the country is closed to international trade, what is \"Home's\" price of apples in terms of bananas? Explain