Nicki 72 Nicki after Trade 63 54 45 36 27 18 Nicki's PPF 30 60 90 120 150 180 210 240 270 300 X Using the second row of the previous table, plot Kamal's new combination of X and Y with the tan point (dash symbol). KUsing the second row of the previous table, plot Kamal's new combination of X and Y with the tan point (dash symbol). A-Z Kamal 50 45 Kamal after Trade 40 35 30 25 Kamal's PPF 20 A+ 15 10 5 O 24 48 72 96 120 144 168 192 216 240 X True or False: Both individuals can now consume a combination of X and Y that was previously unattainable. O True FalseAfter specialization, suppose the two agree on a price of 7 units of good X for each unit of good Y. When the two individuals make the trade, they exchange 140 units of good X for 20 units of good Y. Recall that the individual who has specialized in the production of X would trade 140 units of good X and receive 20 units of good Y, while the individual who specialized in the production of good Y would trade 20 units of good Y and receive 140 units of good X. In the previous table, fill in the second row to indicate the amounts of good X and good Y each individual has after the trade. The following graphs plot Nicki's production possibilities frontier (PPF) in purple and Kamal's PPF in blue, respectively. Using the second row of the previous table, plot Nicki's new combination of X and Y with the grey point (star symbol). Nicki 90 81 Nicki after Trade 72 63 549. Working with Numbers and Graphs Q9 The following table summarizes the combinations of goods X and that two individuals, Nicki and Kamal, can each produce individually. Nicki Kamal X Y X Y 150 0 | 200 a 75 375 | 100 10 a 75 | 0 20 If each person specializes in the production of the good for which they have the comparative advantage, then Kamal would specialize in the production of good , and Micki would specialize in the production of good X. (Hint: Calculate the opportunity cost of producing X and Y for each individual.) Suppose that Kamal and Nicki each specializes in the production of the good in which each has a comparative advantage. Fill in the top row of the following table to indicate Kamal's and Nicki's output of each good. Nicki Kamal Before Trade, with Specialization 0.0 | 0.0 After Trade |