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help needed (25 points) Consider two countries, A and B. Each country has some limited amount of resources that they can use to produce units

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(25 points) Consider two countries, A and B. Each country has some limited amount of resources that they can use to produce units of airplanes or clothing. The counties have the following production possibility equations: Country A: 4 * airplanes + 4 * boats = 200 Country B: 12* airplanes + 6 * boats = 360 a) Please prepare a 2x2 table showing the maximum number of airplanes and boats each country could produce. b) Which country has an absolute advantage in producing airplanes? c) Which country has an absolute advantage in producing boats? d) Which country has a comparative advantage in producing boats? e) Suppose country A wants to trade 1 airplane to country B in exchange for X boats. What range of values is reasonable for X? (Your answer should be of the form: "between 5 and 7".)

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