Using The relative wage ratio find the lower and upper wage limit used per day. Then find the lower and upper limit of the exchange rate in Ye

Question 2 10 pts Now Assume that the U.S. worker's wage is still $30 per day and the fixed exchange rate is still $1=110 Y (1 Dollar exchanges for 110 Japanese Yen). Cars Jewelry United States 20 days 10 days Japan 20 days 30 days a. If trade is taking place between the two countries, the "lower limit" to Japanese worker's wage per day is Japanese Yen. b. If trade is taking place between the two countries, the "upper limit" to Japanese worker's wage per day is Japanese Yen. Now Assume that the U.S. worker's wage is still $30 per day and and Japanese worker's wage is v2200 per day. The exchange rate could be floating now. Cars Jewelry United States 20 days 10 days Japan 20 days 30 days c. If trade is taking place between the two countries, the "lower limit" to exchange rate is 1 dollar = Japanese Yen(keep 2 decimals). d. If trade is taking place between the two countries, the "upper limit" to exchange rate is 1 dollar = Japanese Yen