Part II. Calculations (1) The figures below depict the production possibilities frontiers for two people who can allocate the same amount of time between making pizzas and making chicken wings. Refer to these figures to answer the questions. Pizza Diana Pizza Mike 30 25 Chicken Wings Chicken Wings 50 20 (a) What is Diana's opportunity cost of making 1 pizza? (3 pts) (b) What is Mike's opportunity cost of making 1 chicken wing? (3 pts) (c) Who has the absolute advantage in making which product? (4 pts) (d) Who has the comparative advantage in making which product? (4 pts) (e) If Diana and Mike were to specialize and trade, at what exchange rate would they find some quantity of trade to be mutually beneficial? (1 pt)