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Explain only the last two blanks: This time, the trade negotiations turn out differently: It's 2 rotids for 1 tauron. Have the correct country ship

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Explain only the last two blanks:

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This time, the trade negotiations turn out differently: It's 2 rotids for 1 tauron. Have the correct country ship 10 million rotids, have the other send 5 million taurons, and fill out the table. One way to make sure you haven't made a mistake is to make sure that "total consumption" is equal to the "total output" from Question 4 of 7. We can't create rotids and taurons out of thin air! Are both countries better off than if there were no trade? Which country likes this trade deal better than the deal from Question 6? Fill in a value for each letter in the table by completing the following statements. Consumption Consumption of Rotids of Taurons Mandovia A B Ducennia C D Total Output E F Mandovia would consume A = 10 10 million rotids and B = 5 5 million taurons while Ducennia would consume C = 10 10 million rotids and D = 5 5 million taurons. Mandovia is better off v just as well-off while Ducennia worse off X better off under these prices.Finally, let's open up trade. Trade has to make both sides better off to occur (or at least no worse off), and in this problem, as in most negotiations, there is more than one price that can make both sides better off (think about haggling over the price of a car or a house). Let's spick out a case that makes one side better off and leaves the other side just as well; off as in a no-trade world. The price Sboth sides agree to is 3 rotids for 2 taurons. Ship 5 million taurons in one direction, and 7.5 million rotids in the other direction. You'll have to figure out on your own which way the trade flows. In the following table, calculate the amount that each country gets to consume. Which country is better off under this set of prices? Which one is exactly as well off as before? Fill in a value for each letter in the table by completing the following statements. Round numbers to one decimal place where necessary. Consumption Consumption of Rotids of Taurons Mandovia A B Ducennia C D Total Output E F Mandovia would consume A = 15 X 12.5 million rotids and B = 5 O 5 million taurons while Ducennia would consume C = 5 * 7.5 million rotids and D = 5 5 million taurons. Mandovia is better off better off, while Ducennia is worse off X better off under these prices

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