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hello I would need some help and clarifications for this question please .00 El: I) e ilaecnntlvrvxmm 6 I11 + Question 4 [25 points] The

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hello I would need some help and clarifications for this question please

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.00 El: I) e ilaecnntlvrvxmm 6 I11 + Question 4 [25 points] The following are hypothetical production possibilities tables for Russia and the United States. When plotting lines on lhe graph. select which line you want to plot from the drop down menu attire top ofthe graph. For each line required. plot any two or more points on lire line. a) Plol Russia's production possibilities curve by plotting at least 2 points on the curve. v Russia's Production Possibilities Curve 120 105 (D D Peaches (millions of bushels] 121620242832364044 Apples (millions of bushels) D |aecun1.lyryx.l:om 8121620242332364044 Apples (millions of bushels) b} Plot the United States' production possibilities curve by plotting at least 2 points on the curve on the graph above. c) What is each country's cost ratio of producing Apples and Peaches? Russia: Apples = Peaches e UnitedStales: Apples = Peaches d) Which nation should specialize in which product? Russia : e United States : 0) Plot Russia's trading possibilities curve (by plotting at least 2 points on the curve) it' the actual terms 01' the trade are 1 apple for 3 peaches. f) Plot the United States' trading possibilities curve (by plotting at least 2 points on the curve) if the actual lerrns of the trade are 1 apple for 3 peaches. 9) Suppose that the optimum product mixes before specialization and trade were 3 in Russia and C in the United States. What are the gains from specialization and trade? Ofcial Time: 3:21 :42

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