can put all its resources in wine, making 40 bottle of wine, but no lamb. Or it has the option of putting says that if Australia puts all its resources into lamb, it can make 80 pounds of lamb, but no wine. Or it Two countries have possible production options per time period as described in the table below. This some resources in the production of each good (eg. make 40 pounds of lamb, and 20 bottles of wine.) Assume constant opportunity cost. Australia New Zealand Lamb or Wine 80 pounds 40 pounds 40 bottles 10 bottles a) Fill in the numbers in the table above with the opportunity cost of a bottle of wine in each country. Explain briefly what this number means Opportunity cost of 1 bottle of wine Lesunds of lamb given up for 1 wine) b) which country should export wine? Explain briefly why. c) Give an example of a trade-how much lamb should be traded for one bottle of wine that could make both countries better off. pounds of lamb should trade for 1 bottle of wine Explain briefly how/why this makes Australia better off: Explain how/why this makes New Zealand better off: