a. Assume Al-A7 hold unless otherwise noted below. Assume there are two goods, bread and textiles. PB is the nominal price for one loaf of bread and Pr is the nominal price for one yard of textiles. For each of the following cases, find the relative price of textiles: i. One yard of textiles can buy 3 loaves of bread. ii. The price line (drawn with T on the vertical axis and B on the horizontal axis) has a slope of -5/7 iii. The relative price of bread is 12 b. Brazil can produce Milk (M). Donuts (D) or both. Brazil's production exhibits increasing opportunity cost. Given full employment of its resources, Brazil could produce at most 10.000 gallons of milk or 8,000 boxes of donuts. (Put M on the vertical axis) i. Describe the shape of the PPF. what are its intercepts? ii. If you were given a set of CIC's, how would you find the price line