1. To produce a unit of food requires 1 labor hour and 1 unit of capital and to produce a unit of clothing requires 4 labor hours and 1 unit of capital. These are Leontief technologies, so treat these input coefcients as xed and unchanging. The price of a unit of food is $10 and the price of a unit of clothing is $22. a. What are the capital-labor ratios in each industry? Which good is capital intensive? b. Write down the zero prot condition for each good. c. Solve for the equilibrium wage rate (w) and return to capital (I). What is the wage-rental ratio? (1. Compute w, r and the wage-rental ratio when the price of food increases to $13. What theorem does a comparison to part ((1) illustrate