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 13ng 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 ii Suppose production capacity does not change. Do we expect there to be trade between Sidney and Connor? Why or why not? {2 points} ii} 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}