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4. Assume that input-output coefficients are fixed. The table shows capital requirements per unit output (axi) and labor requirements per unit output (a,) to produce one unit each of commodities through 3. Good ak; 2 2 3 1 4 aLj 4 4 Price $30 $22.5 $22.5 a. Write down the zero profit condition for all three goods. b. If the economy's capital-labor endowment ratio is 24 which two goods are produced? Explain clearly how you determine this. What is the wage rate and return to capital? c. If the price of good 2 rises to $28, which two goods are produced, and what is the wage rate and return to capital? Explain clearly how you determine this. d. If the price of good 2 rises to $30, which two goods are produced, and what is the wage rate and return to capital? Explain clearly how you determine this. 4. Assume that input-output coefficients are fixed. The table shows capital requirements per unit output (axi) and labor requirements per unit output (a,) to produce one unit each of commodities through 3. Good ak; 2 2 3 1 4 aLj 4 4 Price $30 $22.5 $22.5 a. Write down the zero profit condition for all three goods. b. If the economy's capital-labor endowment ratio is 24 which two goods are produced? Explain clearly how you determine this. What is the wage rate and return to capital? c. If the price of good 2 rises to $28, which two goods are produced, and what is the wage rate and return to capital? Explain clearly how you determine this. d. If the price of good 2 rises to $30, which two goods are produced, and what is the wage rate and return to capital? Explain clearly how you determine this