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3) Suppose you receive the labor productivity data for airplane and bulldozer production in Mexico and Brazil listed below. Bulldozers Airplanes Mexico 3 days per

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3) Suppose you receive the labor productivity data for airplane and bulldozer production in Mexico and Brazil listed below. Bulldozers Airplanes Mexico 3 days per unit 12 days per unit Brazil 2 days per unit 10 days per unit a) What is the opportunity cost of Mexico of producing a bulldozer? (1 point) b) What is the opportunity cost of Mexico of producing an airplane? (1 point) C) What is the opportunity cost of Brazil of producing a bulldozer? (1 point) d) What is the opportunity cost of Brazil of producing an airplane? (1 point) e) Which country has the absolute advantage in the production of bulldozers? (1 point) f) Which country has the absolute advantage in the production of airplanes? (1 point) g Which country has the comparative advantage in the production of bulldozers? (1 point) h) Which country has the comparative advantage in the production of airplanes? (1 point) Which of the following trade offers would be acceptable to both Mexico and Brazil? Explain. (2 points) a. 1 airplane = 6 bulldozers b. 1 bulldozer = 0.33 airplanes c. 1 airplane = 4.5 bulldozers

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