Consider two neighboring island called Bellissima and Felicidad. They each have 4 million labor hours available per week that they can use to produce corn, jeans, or a combination of both. The following shows the quantity of corn or jeans that can be produced using one hour of labor. Corn (bushels per hour of labor) Jeans (Pairs per hour of labor)Bellissima 8 16Felicidad 5 20Initially, suppose Bellissima uses 1 million hours of labor per week to produce corn and 3 million hours per week to produce jean, while Felicidad uses 3 million hours of labor per week to produce corn and 1 million hours per week to produce jeans. Consequently, Bellissima produces 8 million bushels of corn and 48 million pairs of jeans, and Felicidad produce 15 million bushels of corn and 20 million pairs of jeans. Assume there are no other countries willing to trade goods, so in the absence of trade between these two countries, each country consumes the quantity of corn and jeans it produces. Bellissima's opportunity cost of producing one bushel of corn is. a. 4b. 1/4c. 2d. 1/2 of jeans, and Felicidad's opportunity cost of producing one bushels of corn is. a. 1/4b. 2c. 4d. 1/2 ) of jeans, Therefore,(Bellissima/Felicidad) has a comparative advantage in the production of corn and(Bellissima/Felicidad) has a comparative advantage in the production of jeans. Suppose that each country specializes entirely in the production of the good in which it has a comparative advantage, producing only that goods. In this case, the country that produces corn will produce___(64, 20, 80, 32) bushels per week, and the country that produces jeans will produce(20, 32, 64, 80) pairs per week. In the tablet at the end of this problem, enter each country's production decision in the row labeled "Production".Suppose the country that produces corn trade 18 million bushels of corn to the other country in exchange for 54 million pairs of jeans. In the table at the end of this problem, select the quantity of each good that each country exports and imports in the boxes across the row labeled " Trade Action" , and enter each country's final consumption of each good in the row labeled " Consumption ".When the two countries did not specialized, the total production of corn was 23 million bushels per week and the total production of jeans was 68 million pairs per week. Because of specialization, the total production of corn has increased by (6, 9, 12, 3) bushels per week, and the total production of jeans has increased by(18, 24, 12, 16) pairs per week. Because the te countries produce more corn and more jeans under specialization, each country is able to gain from trade. Calculate the gains from trade-in this case, the amount by which each country has increased its consumption of each good relative to the quantities. "Increase in consumption." Bellissima Bellissima Felicidad Felicidad Corn (Millions Jeans (Millions Corn Jeans (Millions of bushels) per pairs) (Millions of of pairs) bushels)Without TradeProd. and consumption 8 48 15 20With TradeProductionWith TradeTrade Action (Exports (Exports (Imports (Imports 18 / Imports 54/ Exports 54/ Imports 54/ Exports 18) 54) 54) 54)With TradeConsumptionGains from TradeIncrease in consumption