Answer the following questions in your own words. Start a new thread while replying. 1. Refer to the table below: Labor hours needed to Labor hours needed to make 1 unit of Cheese make 1 unit of Bread 2 4 3 1 Answer the following questions: a. Which country has the absolute advantage in the production of cheese and which country has absolute advantage in the production of bread. b. Calculate the opportunity cost of cheese for both countries. Based on your calculation of opportunity cost Miich country has the comparative advantage in the production of cheese. 0. Based on your analysis in part b, can you tell which country will have comparative advantage in the production of bread? provide your reasoning. 2. Refer to the graphs below. The rst graph is for Bangladesh and the second graph is for Jordan. alps 10 (up ,.. o ~uw+uaooo anueuaqmu 12345618'9W 12345618''b Answer the following questions: 8. Which country has the absolute advantage in the production of cups and which country has absolute advantage in the production of bowls. b. Calculate the opportunity cost of bowls for both countries. Based on your calculation of opportunity cost which country has the comparative advantage in the production of bowls. c. Based on your analysis in part b, can you tell which country will have comparative advantage in the production of cups? provide your reasoning. wfer to the discussion board requirement annoucement before posting. First post due on Thursday, March 24th, and reply to two other student's post due on Sunday, March 27th