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7. Wakanda and Turkana both produce vibranium and petroleum. Wakanda has 1,000 workers. each worker is able to produce 10 tons of vibranium or 15

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7. Wakanda and Turkana both produce vibranium and petroleum. Wakanda has 1,000 workers. each worker is able to produce 10 tons of vibranium or 15 barrels of petroleum. Turkana is a some nation with 800 workers. Each worker is able to produce 6 tons of vibranium or 12 barrels of petrole Below are the production possibilities curves for the two countries. (16 points) Wakanda Turkana 12.000- 12,coo- 10,800 10.000 9,600- A.400 8.000 7 200- Vecranium Cans 5.000 4.800 2400 2.000 200 - 5 3030 8,609 9009 12.050 15/030 10.090 $200 8.409 96:012.020 15.030 Petroleum (barrels) Petroleum (barrels a. Are opportunity costs increasing, decreasing or constant? b. What is the opportunity cost of I ton of Vibranium in Wakanda? c. What is the opportunity cost of I ton of vibranium in Turkana? d. What is the opportunity cost of I barrel of petroleum in Wakanda? e. What is the opportunity cost of I barrel of petroleum in Turkana? F. Which country has the ABSOLUTE advantage in vibranium? g. Which country has the ABSOLUTE advantage in petroleum? h. Which country has the COMPARATIVE advantage in vibranium? Which country has the COMPARATIVE advantage in petroleum Should the countries trade? If you answer no. stop here. k. If you answer yes. which country should specialize in vibranium

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