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1. US and UK produce and consume bread and potatoes in autarky. In US, it takes 1 hour to produce 100kg of bread, and 1

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1. US and UK produce and consume bread and potatoes in autarky. In US, it takes 1 hour to produce 100kg of bread, and 1 hour to produce 80kg of potatoes. In UK, it takes about 1 hour to produce 40kg of bread, and 60kg of potatoes. 1. Calculate the autarky relative price for bread and potatoes in US and UK. (2 marks)

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