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d. (12 points) Suppose that 4,000 hours of labor are available for the production of canola and olive oil in Canada, and another 4,000 hours

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d. (12 points) Suppose that 4,000 hours of labor are available for the production of canola and olive oil in Canada, and another 4,000 hours of labor are available for the production of canola and olive oil in Australia. In a no-trade world, let's assume that 3,000 hours of the labor in each country are used to produce canola oil and 1,000 hours of labor are used to produce olive oil. Solve for how many bottles of canola and olive oil will be produced in Canada and Australia, and add up to determine the total global output of canola and olive oil. Output of canola oil Output of olive oil Canada Australia Global output

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