can someone help with part GCase Study1.Assume that the continent of Mainland has only two countries, Alpha and Beta, whichproduce only two goods, corn, and peanut. Each country has 42 labor hours per weekallocated to the production of corn or peanut. Producing a ton of corn costs 2.8 hours to Alphaand 1.4 hours to Beta. On the other side, each ton of peanut costs 1.68 hours to Alpha and 4.2hours to Beta.Using the above case study, respond to the following Questions by showing all your work:a. Draw the production possibilities frontier of each country and provide its equationwith peanuts on the x-axis.b. Assume that each country decides to use half of its resources in the production ofeach good. Show these points on the graphs for each country as point A.c. Can Alpha produce Beta produce 20 tons of corn and 15 tons of peanut each? Justifyyour answer. (Hint: Use the PPF equations.)d. If these countries choose not to trade, what would be the total world production ofpopcorn and peanuts?e. Now suppose that each country decides to specialize in the good in which each has acomparative advantage. By specializing, what is the total world production of eachproduct now?f. If each country decides to trade 10 units of popcorn for 10 units of peanuts, show onthe graphs the gain each country would receive from trade. Label these points B. Atwhat terms of trade did the two countries trade corn and peanut?g. If the two countries decided to produce corn and peanut together as one business,draw the combined PPF of the two countries and indicate the specialization point onthe combined PPF.

Alpha has a comparative advantage in the production of peanuts and Beta has a comparative advantage…

Answered: g. If the two countries decided to…

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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g. If the two countries decided to produce corn and peanut together as one business, draw the combined PPF of the two countries and indicate the specialization point on the combined PPF.