Joan and Peter enjoy baking, and their joy has led them to open new businesses. Customers' favorites are Joan and Peter's cheese bread and apple pies. Joan takes two hours to bake a dozen loaves of bread and one hour to make a dozen pies. Peter can bake a dozen loaves of bread in three hours and make a dozen pies in two hours. Joan and Peter are looking for ways to cooperate to grow their businesses, but Joan questions the wisdom of partnering with her friend, who is slower than her. 1. (2 point) Should Joan be worried about partnering with Peter? Explain. 2. (2 points) Suppose Joan and Peter have twelve hours daily to bake bread and pies. Insert two tables, one for each, with four columns and three rows. Use the first row for the headings. The first two columns must show the production possibilities when they fully allocate their resources to each activity. Columns three and four must show the opportunity cost of each activity. Graph their production possibilities