Laconia has a population of 10 million habitants, while Loudania of 20 million.

in both countries each person can work 8 hours per day.

both countries differ in technology as given in Table below:

Hours of work required to produce

A bushel of wheat

A yard of cloth

Laconia

5

Assume that Laconia and Loudania are the only 2 countries in existence. Each is capable of producing 2 goods, wheat and cloth. Laconia has a population of 10 million habitants, while Loudania of 20 million. . in both countries each person can work 8 hours per day. . both countries differ in technology as given in Table below: Hours of work required to produce A bushel of wheat A yard of cloth Laconia 5 10 Loudania 10 10 a) Draw the PPF for Laconia and Loudania (put cloth in the x-axis and wheat in the y-axis, and be sure to show your calculations))