Complete the "Period $2"$ section in the previous table by calculating the pound equivalent of the dollar$-$denominated costs, the dollar cost of the pounds$-$denominated costs, and the total costs for both currencies.

Based on your calculations, the percentage change in total dollar costs of producing one television is $,$ whereas the percentage change in total pound costs is $.$

Assume Buford competes with U$.$K$.$ producers. As a result of the dollar appreciation, Buford's international competitiveness $$

Suppose Buford decides to denominate all of its inputs acquired domestically in dollars. Which of the following is the most likely outcome of this decision?

Buford's international competitiveness would worsen even more.

Buford's competitiveness would now improve.

There would be no difference in Buford's international competitiveness.

Buford's international competitiveness would improve even more.