production possibilities for Andy and Beatrice each who have 10 hours of time to produce wine and cheese: Litres of Wheels ofcheese perhour "- Assume that Andy and Beatrice both like to consume wine and cheese. Based on the information in the table: 0 Andy has the lower opportunity cost of producing wine and cheese 0 Andy has an absolute advantage in the production of wine and cheese 0 Beatrice has an absolute advantage in the production of wine and a comparative advantage in the production of cheese Beatrice has an absolute advantage in the production of cheese and a comparative advantage in the production of wine Homer and Ted are colleagues who enjoy consuming hotdogs. The demand curves for hotdogs for Homer and Ted are given as follows: Homer: p = 120 - q Ted: p = 120 - 4q If Homer and Ted are the only two consumers of hotdogs the market demand curve is given by: Op = 240 - 6Q for p