Hi, this question is regarding international economics. I'm wondering how you determine the point along the terms of trade line when a given number of products are exchanged and when t

e. With the relative product prices in each nation now in equilibrium at 1 ton of steel equal to 1 auto (MRT = 1) , suppose 500 autos are exchanged at these terms of trade. (1) Determine the point along the terms of trade line at which Japan will locate after trade occurs. What are Japan's consumption gains from trade? (2) Determine the point along the terms of trade line at which South Korea will locate after trade occurs. What are South Korea's consumption gains from trade?Table 2.8 Steel and Auto Production Japan South Korea Steel (tons) Autos Steel (tons) Autos 520 O 1200 O 500 600 900 400 350 1100 600 650 200 1300 200 800 0 1430 0 810