Question: 3. (LO 2, 3) The table below shows the maximum output levels for Here and There. a) What is the cost of 1 unit of

3. (LO 2, 3) The table below shows the maximum output levels for Here and There.

a) What is the cost of 1 unit of cloth and a computer in Here?
1 unit of cloth: 1 computer:

b) What is the cost of 1 unit of cloth and a computer in There?
1 unit of cloth: 1 computer:

c) In what product does each country have a comparative advantage?
Here: There:

d) What is the range of feasible terms of trade between the two countries?
1 unit of cloth: 1 computer:

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