should be in sentence format. I can't read it I am not MARKING IT a) Review the scenario below and complete the table. Assume each country uses 50% of their resources to produce silk and 50% of their resources to produce cotton. (3 marks) Silk Cotton 2.800 3.600 Cambodia 2.400 2200 Total output per product LOS Total combined output b) Even though Laos has an absolute advantage in both silk and cotton, it should still trade with Cambodia in order to minimize its opportunity cost (and maximize worldwide output) Complete the table below. (4 marks) Country Opportunity cost for l unit of silk Opportunity cost for 1 unit of cotton LAOS Cambodia c) Using your understanding of comparative advantage, which country should specialize in each product? The country that should produce silk is The country that should produce cotton is: d) Assume each country pursues its competitive advantage. Complete the table below showing how production would be altered. (T marks Silk Cotton Laos Cambodia Total output per product Total combined output e) Adjust production so that no units of silk are lost when the countries begin to specialize in trade. (Hint: use opportunity cost) (10 marks) BBBAMI Number of silk units lost Opportunity cost for Total units of cotton lost when product shifts to silk to produce unit of silk Silk Cotton ADJUSTED PRODUCTION Laos Cambodia Total output per product Total combined output