The accompanying table shows the daily production possibilities for two individuals, Tommy Trout from Alaska and Coleen Coffee from Columbia. Use the table to answer the following questions.

a. What is the opportunity cost of producing 1 lb of trout for Tommy Trout? What is his opportunity cost of producing 1 lb of coffee?

b. What is the opportunity cost of producing 1 lb of trout for Coleen Coffee? What is her opportunity cost of producing 1 lb of coffee?

c. Who has comparative advantage in producing trout? Who has comparative advantage in producing coffee?

d. Will both producers be better off if they specialize and trade according to the terms of trade: 1 trout = 1 lb coffee? Graph each producer's PPF and CPF to illustrate your answer.

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Person Tommy Trout Coleen Coffee Production Per Day 10 lb trout or 2 lb coffee. 2 lb trout or 5 lb coffee