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Compute wage for cheese and wine production in autarky (closed) economy at Home. Cheese: 1/4 Wine: 1/4 O Cheese: 1 Wine: 1/3 O Cheese: 1/3 Wine: 1 O Cheese: 1 Wine: 1 In the open economy, which country produces which good and how much? Home produces 10/3 Wine, Foreign produces 30/9 Cheese Home produces 5 Cheese, Foreign produces 5 Wine Home produces 5 Wine, Foreign produces 30/9 Cheese Home produces 10/3 Wine, Foreign produces 5 Cheese Question 11 Suppose the world price ratio=1 in open economy. (Set Pc=Pw=1) Compute GDP and wage in Home in open economy. O GDP: 3, Wage: 1/2 O GDP: 3, Wage: 1 O GDP: 5, Wage: 1/2 O GDP: 5, Wage: 1