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Consider the following countries, Econland and Tradetopia, that can produce two goods: Apples and Computers. The following tables represents the maximum output of each good

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Consider the following countries, Econland and Tradetopia, that can produce two goods: Apples and Computers. The following tables represents the maximum output of each good that both countries can produce in a given year: Goods Econland Maximum Output (per year) Apples 1000 Computers 500 Goods TradeTopia Maximum Output (per year) Apples 800 Computers 600 a) Draw the production possibilities frontier (PPF) for Econland using the given information. Label the axes appropriately and plot the points corresponding to the maximum output of Apples and Computers. Submit a picture of your graph to the dropbox labeled "Final Exam" (make sure your image is not . HEIC). Make sure everything is labeled! b) Based on the PPF, identify Econland's area of absolute advantage for each good. c) Identify Econland's area of comparative advantage for each good based on the PPF

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