QUESTION 1 Ravi's total Ravi's total Devon's total Devon's total production of milk production of ice production of milk production of ice cream cream Devote all time to 90 pints of milk 0 pints of ice 225 pints of milk 0 pints of ice cream producing cream Milk Devote all time to 0 pints of milk 30 pints of ice 0 pints of milk 25 pints of ice cream producing ice cream cream Note: Assume that both Devon and Ravi can produce any corresponding linear combination of milk and ice cream. Consider Devon's production of milk and ice cream a. What is Devon's opportunity cost of producing a pint of ice cream? b. What is Devon's opportunity cost of producing a pint of milk? C. What is Ravi' opportunity cost of producing a pint of ice cream? d. What is Ravi' opportunity cost of producing a pint of milk? e. Who has the absolute advantage in the production of milk? f. Who has the absolute advantage in the production of ice cream