3. How much milk and cereal will these states produce per year if they decide to specialize in order to engage in future mutually beneficial trade? Show calculations and write the numbers in the table below. Note: as Texas is absolutely more efficient in production of both goods, it must produce both milk and cereal focusing most of the year on producing the good that it has comparative advantage over Iowa, which on the other hand, will specialize exclusively on the production of the good it that has comparative advantage over Texas, and since milk and cereal are complementary, the total amount produced by both states at the end of the year must be the same. States Milk (millions of tons per Cereal (millions of tons per year year) Texas Iowa Total