Freedonia, a developing country in the middle of the Atlantic Ocean, is considering opening up its markets to trade. Freedonia is not a member of the WTO and has historically been opposed to foreign trade. Freedonia is completely self-sufficient and its two largest industries are in leather shoes and televisions. It takes Freedonia 2 hours to make one pair of leather shoes and 25 hours to make one television. Marketopia, another developing country in the middle of the Atlantic Ocean, also has shoe and television industries. Marketopia can produce one pair of leather shoes in 4 hours and one television in 10 hours. Presently, Freedonia chooses to produce 200 pairs of shoes and 24 televisions per 1,000 hours and Marketopia chooses to produce 150 pairs of shoes and 40 televisions per 1,000 hours. Between the two, a total of 350 pairs of shoes and 64 televisions are produced.Question 3 (4 points) ~/ Saved In Freedonia, one television costs 12.5 pairs of shoes (25 television hours divided by 2 shoe hours). How much does a television cost in Marketopia? Paragraph \\/ A TV cost 2.5 pairs of shoes in Marketopia. (10 TV hours divided by 4 shoe hours) //. Question 4 (4 points) If Freedonia wishes to engage in trade with Marketopia, which product should it dedicate all or most of its resources to producing? What product should Marketopia dedicate all its resources to producing? Paragraph Assume that each country dedicated all its resources to producing one product. If, after trade, the cost of one television in the two markets changed to 5 pairs of shoes, what is one possible example of the number of each product both countries could have? You are able to copy and past the table below into your answer field. After Trade Pairs of Leather Shoes Television Freedonia Marketopia Paragraph