Solve clearly

In the absence of trade. which point should be chosen for the nation to maximise welfare. Why? [ mark] Suppose that the autarky relative commodities prices, 4 is equal to 2 b. However, the relevant international relative price is # # 1, in the presence of international trade, at which point would the nation choose to produce? Why? [2 marks] C. What if now the relevant international relative price is # # 3. how does your previous answer in part (b) modify? Why? [2 marks] Focus