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Question: with reference to fig 43 a what would pc be...

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With reference to Fig. 43, (a) what would Pc be in each nation if the cost of transporting each yard of cloth from the U.K. to the U.S. were $1? How much would be produced, consumed and traded by the U.K. and the U.S. in this case? (b) What if the cost of transporting one yard of cloth were $2?$31%? (c) Whal can you thn say in general about the efi t of transportation costs on the price of the traded commodity in each of the trading nations? The level of production? Consumption? Trade? -I ARDS/YEAR t20 100 ย。 eo 40 20 0 20 40 SO leo tan YARDS YEAR Flg. 4-3
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