Agpoon Prantil Dozen(s) of Number of Dozen(s) of Number of Graph Cookies Pies Graph Point Cookies Pies Point 0 12 A 0 8 L 9 B 2 6 K 6 C 4 4 L WJ 3 D 6 2 M 4 0 D 8 0 N a. (4 points) Draw a Production Possibility Frontier (PPF) graph representing the data for Agpoon and a separate PPF graph representing the data for Prantil. Draw each PPF curve on a SEPARATE graph. Label graphs properly. b. (2 points) Circle the correct answer for the following statement: Who has the absolute advantage in baking cookies? Agpoon Prantil Neither Insufficient data to Determine C. (2 points) What is Agpoon's opportunity cost of baking one pie? Show your work.d. (2 points) What is Prantil's opportunity cost of baking one pie? Show your work. e. (2 points) Which student has the comparative advantage in baking pie? Show your work and briefly explain. (2 points) Circle the correct answer for the following statement: By specializing in an activity in which each participant has the comparative advantage, BOTH can benefit from trade if the exchange terms are set correctly. True False