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The following table shows the number of hours of labor required to produce 1 unit of Tea and Coffee in the Slovenia and Nepal.: 4.

The following table shows the number of hours of labor required to produce 1 unit of Tea and Coffee in the Slovenia and Nepal.:

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4. The following table shows the number of hours of labor required to produce 1 unit of Tea and Coffee in the Slovenia and Nepal.: Tea Coffee Slovenia 12 6 Nepal 4 1 a) Suppose the world price for Tea is $12 and world price for Coffee is $4. i. What is the output mix at this price? ii. What is the pattern of trade at this price? ili. What is the wage level in Slovenia? Nepal? iv. (Difficult) Please show that at this relative price: air

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