MTH160-Peirce 5x + /courses/525508/assignments/5373838?module_item_id=16334954 Tube Maps N Netflix h Hulu Facebook Instagram: Pinterest WINGS LAX email gulf shores Forever Down Page of 3 7. (1 point each) Consider the following table: Production Opportunities Hours Needed to Make 1 Unit of Number of Units Produced in 40 Hours Cheese England France 1 5 Wine 14 12 Cheese 40 Wine 10 8 20 a) Who has the absolute advantage in each good? b) What is France's opportunity cost for one unit of cheese? c) What is England's opportunity cost for one unit of cheese? d) If the two countries were to trade with one another, would produce cheese and would produce wine. SEP 27 tv N A Aa Page of Using two goods or services of your choice, draw a PP below that displays changin opportunity costs of the goods/services in your label the new PPF to distinguish b. 12 points) Describe a "shock" that would only affect one PPF. Draw the effect of this shock above, being sure to it from the original MacBook Air $ 56 3 4 5 810 6 E R 20 D C 7 NP T Y U 00 9 O F G H J K > B N M