Given the Key Cross Rates $2/10/23,$ convert $$1,000$ to JPY$,$ to Euro, then back to USD. How much is

the USD after three transactions?

A$.$ USD $1,000\mathrm{.}25$

B$.$ USD $1,000$

C$.$ USD $999\mathrm{.}85$

Key Cross Rates

$2/10/23$

DOLLAR EURO POUND SFRANC PESO YEN CDNDLR

Canada $1\mathrm{.}3391\mathrm{.}42521\mathrm{.}60651\mathrm{.}44760\mathrm{.}07170\mathrm{.}010188--$

Japan $131\mathrm{.}42140\mathrm{.}65158\mathrm{.}54142\mathrm{.}147\mathrm{.}0424--98\mathrm{.}16$

Mexico $18\mathrm{.}66219\mathrm{.}97322\mathrm{.}51420\mathrm{.}175--0\mathrm{.}14213\mathrm{.}938$

Switzerland $0\mathrm{.}9250\mathrm{.}99021\mathrm{.}1159--0\mathrm{.}04960\mathrm{.}0070380\mathrm{.}6908$

U$.$K$.0\mathrm{.}82890\mathrm{.}8872--0\mathrm{.}89610\mathrm{.}04440\mathrm{.}0063070\mathrm{.}6225$

Euro $0\mathrm{.}9344--1\mathrm{.}12721\mathrm{.}00990\mathrm{.}05010\mathrm{.}0071090\mathrm{.}7017$

U$.$S$.--1\mathrm{.}07021\mathrm{.}20641\mathrm{.}08110\mathrm{.}05360\mathrm{.}0076090\mathrm{.}7469$

$2.$ There are only two outputs and one input. India can produce $4$ yards of textiles and $5$ pounds

of food per unit of input. Thailand can produce $5$ yards of textiles and $10$ pounds of food per

unit of input.

India is endowed with $200$ units of inputs and Thailand is endowed with $150$ units of input.

Without trade, each country produces and consumes as follows:

Production if No Trade input Food Production Textile Production

India $20014060$

Thailand $1507080$

Input Food Production Textile Production

India produces and consumes $200700240$

Thailand produces and consumes $150700400$

Total World production and consumption $1400640$

Is it possible that both countries can benefit from complete specialization?

If so$,$ show which country will specialize in which product? How much is the total production of

food and textile with complete specialization in each country?