B. This exercise applies the basic Rioardian model of one factor and two goods. The table below contains the output per hou worked in Foreign and Home for each of two goods. Chocolate Olive Oil Home q0 = 1 pound per hour qo = 3 gallons per hour - Bl: Foreign q; = 5 pounds per hour q0 = 4 gallons per hour where: qc = units of chocolate produced in Home by one hour of labor; qo = units of olive oil produced in Home by one hour of labor: q: = units of chocolate produced in Foreign by one hour of labor; q; = units of olive oil produced in Foreign by one hour of labor; P3 = the world price of chocolate (the trade price); PS: = the world price of olive oil (the trade price). Both Home and Foreign will gain from trade if the world price of olive oil (P3,) lies between two limits as follows: V ounds ounds 1.25 p > P0 > 0.33' p . (Round each response to two decimal places.) gallon W gallon The closer the world price of olive oil is to its upper bound, the more Home benets from trade