Suppose the technologies available to countries A and B are given in the following table:A BS 10 8T 20 4Suppose that the wage rate in A, WA, equals $10 per hour; then, for mutually beneficial trade tooccur, the wage rate in B, when measured in dollars, EWB, must lie in a range from $X to $Y.Calculate X and Y?

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As it is a mutually beneficial trade so both of ... View the full answer