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  • 19-03-2024
  • Business
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A U.S. electronics manufacturer is considering moving its production abroad. Suppose its production function is: (q=L0.6K0.4). In the United States, (w=$6) and (r =4). In Mexico, the wage is 20% lower than.
a. In the United States
b. In Mexico
c. In China
d. In India

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