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Need this solved asap! Q5 Long Answer (15 min) 30 Points Show your work, either by typing it into the submission box or by uploading

Need this solved asap!

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Q5 Long Answer (15 min) 30 Points Show your work, either by typing it into the submission box or by uploading a picture of it. Consider 2 countries, Lilliput and Blefuscu, that can each produce 2 goods, Toasters (]') and Bread (B). Their MPLT and MPLB are as in the following table: MPLT MPLB Liliput 2 2 Blefuscu 2 6 Their labor endowment is L = 100 for Lilliput and LB = 50 for Blefuscu. Labor is fully mobile between the two sectors. Q5.1 6 Points (a) What is the autarky relative price of bread in Lilliput? In Blefuscu? Enter your answer hereQ5.1 6 Points (a) What is the autarky relative price of bread in Lilliput? In Blefuscu? Enter your answer here Please select file(s) Select file(s) Q5.2 6 Points (b) Which country has a comparative advantage in bread? Which country has a comparative advantage in toasters? Enter your answer here Please select file(s) Select file(s) Q5.3 10 Points (c) Now suppose that the international equilibrium price of bread is 3/4. What is the labor cost of bread in Lilliput through "direct production" and through the "roundabout method of production through trade"? Enter your answer here

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