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Hi there, Please help me with this assignment. i appreciate your help. In the foilowing tahie, enter each country's production decision on the third row

Hi there, Please help me with this assignment. i appreciate your help.

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In the foilowing tahie, enter each country's production decision on the third row of the tahie (marked "Froduction'j. Suppose the country' that produces jeans trades 13 million pairs ofjeans to the other country in exchange for 54 million bushels of corn. in the foilowing tahie, select the amount of each good that each country exports and imports in the boxes across the row mariteor \"Trade Action,'and enter each country's finai consumption of each good on the line marked "Consumption. ' when the two counties did not specialize, the total production of jeans was 23 million pairs per month. and the total production of corn was 68 million bushels per month. Because of specialization, the total production of jeans has increased by E million pairs per month, and the total production of corn has increased by |:| million bushels per month. Because the two countries produce more jeans and more corn under specialization, each country is able to gain from trade. Caicuiate the gains from tradethat is, the amount by which each country has increased its consumption of each good relative to the first row of the table. In the foiiowing table, enter this difference in the boxes across the fast row (marked "Increase in Consumption"). Contente E uph oria Jeans Corn Jeans Corn (Millions of pairs) (Miiiions of bushei's) {Mifiions of pairs) (Miih'ons of bushels} Without Trade Produclion 8 48 15 20 Consumption B 48 15 20 with Trade Produclion E Trade action 7 |:| lIIZonsum ption E |:| |:| Gains from Trade Increase in Consumption S Ma mm

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