Consider an economy with two producers. Sidney and Connor. Each allocates 8 hours per day between the production of chocolate and bananas. Giyen 3 hours of labour, Sidney can produce 80kg of chocolate or 16kg of bananas. Connor can produce either 2kg of chocolate or 4kg of bananas per hour. a} No Trade ii In separate diagrams, show the production possibilities frontier for both Sidney and Connor. Put bananas on the horizontal axis and chocolate on the yertical axis. {4 points} iiiWhat is the opportunity cost of bananas for both Sidney and Connor it there is no trade? {2 points] b} Introducing Trade i] Suppose production capacity does not change. Do we expect there to be trade between Sidney and Connor? Why or why not? {2 points] iii What are the bounds on the price of bananas [in terms of chocolate] if there is trade? In other words, what range must the price of bananas fall within? [1 point} iii} Assume a price of 4. In other words, 1kg of bananas cost 4kg of chocolate. Explain why trade is likely to make both Sidney and Connor better off in this case. {1 point}