Hi everyone, I know that the terms of trade are is the price of exports relative to the price of imports.

But how would I determine the minimum terms of trade in the following scenario:

The United States (US) produces - 6 IPods (numbers per man hour)
- 5/4 Leather case (numbers per man hour)
Australia (AUS) produces - 1 IPod (numbers per man hour)
- 2 Leather case (numbers per man hour)
Each country has 100 labour hours at disposal

Question: What are the minimum terms of trade that each country would be willing to accept?

Any help would be appreciated!
Note* If I'm posting in wrong section please tell them.

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