MetaThis exercise applies the basic Ricardian model of one factor and two goods. The table below contains the unit labor requirements in Home for each of two goods.

Home

$=$ per pound

$=$ hours per gallon

$$where:

$=$

number of labor hours needed to produce a unit of in$$ Home;

$=$

number of labor hours needed to produce a unit of in$$ Home;

$=$

the price per pound of $$;

$=$

the price per gallon of $.$

Part $2$

If the price per of $()$ is $$$$,$ the hourly wage rate in the sector of$$ Home's economy will be