Question: QUESTION 7 Consider an example where there are two countries. A and B, who can each produce only sugar and salt. The production possibilities of

QUESTION 7 Consider an example where there are two countries. A and B, who can each produce only sugar and salt. The production possibilities of Country A are such that if they concentrated 100% of their resources into the production of sugar, they could produce 160 lbs of sugar and if 100% in salt then 120 lbs of salt. For Country B, if they concentrated 100% in sugar then 100 lbs of sugar and if in salt then 150 lbs of salt. Assume the production possibilities curve is linear. In terms of sugar, what is country opportunity cost for 1 lb of salt? Round to 2 decimal places

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