Assume a Richardian-type global economy:Country ACountry BGood X23Good Y51where each number in the table is output per labor hour in each country. The trade equilibrium price of good X is 1.2 units of good Y. All markets are under perfect competition.1.In country A, does the condition of p = mc holds for good X under free trade?2.In country A, does the condition of p = mc hold for good Y under free trade?3.In country B, does the condition of p = mc holds for good X under free trade?4.In country B, does the condition of p = mc hold for good Y under free trade?5.Calculate the extent to which country A’s wage is more (or less) than country B’s. Explain your calculated result briefly.