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Afirmcanusethreedifferentproductiontechnologies

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Afirmcanusethreedifferentproductiontechnologies,withcapitalandlaborrequirementsateachlevelofoutput;asfollows;TECH1;TECH2;TECH3;Daily;Output;K;L;K;L;K;L;100;3;7;4;5;5;4;150;3;10;4;7;5;5;200;4;11;5;8;6;6;250;5;13;6;10;7;8;b);Now suppose the form is operating in a low-wage;country where capital cost is $100 per unit per day;but labor cost is only $40 per unit per day. For each;level of output, which technology is the cheapest?;Clearly support your calculations.

 

Paper#22648 | Written in 18-Jul-2015

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