The nation of DOG has 1000 labors, the maximum outputs can be either 90 tons of wheats or 30 tons of cottons: Wheats Cottons (ton) (ton) 90 30 a) Sketch a production possibilities curve to display the possible outputs. [Mark the yaxis as the output of wheats and the x-axis as the output of cottons.) Then Create a table to list the production possibilities for wheats and cottons. b) Which nation has an absolute advantage in wheat production? c) Which nation has an absolute advantage in cotton production? d) Calculate the opportunity cost of each product in each nation. Then state which nation has a comparative advantage in wheat production and which nation has a comparative advantage in cotton production? e] Which product will be produced by CAT nation and how many units? Which product will be produced by DOG nation and how manyr units? f] One of the nations [CAT or DOG} will make an offer of their product to another nation. (Example: one offers )1 units of wheat and asking y units for cottons from another one} State the offer below. g} Refer to part a), discuss if you are going to accept the offer or not. You will accept the offer only if you are benefited (you get more] from the trade. Explain your decisions. Bonus: Calculate and analyze how opportunity costs affect the amount of benefits nations received from the trade. For example, what kind of offer create a WIN-WIN condition or exploiting