Question 1 Costa Rica and Panama both produce avocados and bananas. Each country in endowed with a fixed amount of labor and has a unit labor requirement for producing each product. Costa Rica is endowed with 1,200 units of labor, and Panama is endowed with 1,800 units of labor. The unit labor requirements are given as: Costa Rica Panama Unit Labor Requirement for a,=0.30 Avocados Unit Labor Requirement for Bananas Part (i): Construct each country's PPF. Place the quantity of avacados (measured in thousands) on the horizontal axis and the quantity of bananas {measured in thousands) on the vertical oxis. Part (ii): Which country has the absolute advantage in the production of avocados? Part (iii): Which country has the absolute advantage in the production of bananas? Part (iv): Which country has the comparative advantage in the production of avocados? Part (v]: Which country has the comparative advantage in the production of bananas