Can you please explain how I would go about creating a production possibilities frontier

12:32 AM Thu Sep 23 1 55% X Trade Questions.docx ECON 111(EVENING) Opportunity Cost and International Trade Country Computers (C) Wheat (W) Requirement per Unit Requirement per Unit USA 100 h 10 h 50 000 LHs Japan 125 h 25 h 30 000 LHs China 50 h 25 h 100 000 LHs Australia 75 h 1000 h 75 000 LHs Country Rum (R) Bay Leaf Oil (B) Requirement per Unit Requirement per Unit Jamaica 50 H 20 h 50 000 LHs Trinidad & Tobago 20 h 50 h 200 000 LHs St. Lucia 40 h 400 h 45 000 LHs Grenada 100 h 10 h 70 000 LHs 1. Construct a PPF for each country listed in the table above. 2. For each country, calculate the opportunity cost for each good using a resource allocation ratio of 50:50. 3. Suppose each country chose autarky, what is each nations' consumption? China & Australia 4. If China and Australia decide to trade, determine which country has the absolute advantage and comparative advantage for each good. 5 . If Australia allocates 80% of resources for specialization and China utilizes 70% of resources for specialization, determine the production level for each country. 6. Suppose both country trade 500C for 700W, what is each nation consumption of computers and wheat? 7. Was the trade mutually beneficial? Jamaica & St. Lucia 8. Determine the absolute and comparative advantage for each good. 9. If both countries allocate 60% of resources for specialization, calculate the production combination. 10. Suppose both countries decide to trade 100R for 200B, how much of each good will be available for consumption after trade? 1 1. Was the trade mutually beneficial? Determine the gains from trade. Trinidad & Grenada