UOPT Assignment 2, Trading Cities and Manufacturing Cities 1) Use the Mathematica model, RicardianTrade.nb to answerthe following. Suppose the North (blue) can produce 4 pounds of mutton per hour or 7 bushels of wheat per hour, while the South (red) can produce 3 pounds of mutton per hour or 2 bushels of wheat per hour. a) b) d) What are the corresponding production coefficients r1 (Southern wheat) 05th , r2 (Southern Mutton) 0.333mih b1 (Northern wheat) D.14w(h ,and b2 (Northern mutton) ' /'> D (h that represent the hours of labor necessary to produce each commodity in its L - rtapcuuv'e region. What are the opportunity costs of producing mutton and wheat in each area? (Southern wheat) ___1.5m/w , (Southern Mutton) __O.67w/m , (Northern wheat) _O.57m/w_, and (Northern mutton) _1.75w/m_. Be sure to include the units in which the opportunity costs are given. Which area has a comparative advantage in mutton or wheat? South: mutton North: wheat Set the r1, r2, b1, and b2 sliders to display the individual and joint PPFs. Adjust maxl and max2 to 130, so that the PPFs are fully displayed in the graph