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Please answer all the questions shown. 2 Ada and Bob love writing write 30 books or draw 20 paintings, Bob can either write 20 books

Please answer all the questions shown.

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2 Ada and Bob love writing write 30 books or draw 20 paintings, Bob can either write 20 books or produce 10 paintings. be summarized in the following table Annual production Producing books only Lings only Ada Bob 20 (2) Complete the following table: (Don't forget the unit) Opportunity cost of Producing one book Producing one painting Ada Bob (b) Draw the PPF of Ada. Suppose Ada chooses to produce 24 books, calculate how many paintings can she make? (c) Ada and Bob decide to specialize and trade. If the price of I book is 0.3 paintings, will Ada be willing to trade? Will Bob be willing to trade? (d) Suppose Ada purchased a typewriter, and she can now produce 40 books in a year if she specializes in books. All other numbers remain the same. Explain why it is no longer beneficial for Ada and Bob to specialize and trade

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