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Unformatted text preview: is cheapest? (3.5 points) If this firm is located in a low-wage country, where the capital price is $100 per unit per day and labor price is only $40 per worker per day, for each level of output which technology is cheapest? (3 points) Now assume that the firm moves from the high-wage to a low-wage country and that its level of output remains constant at 200 units of orange juice per day. How will its total employment change?...
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This homework help was uploaded on 02/01/2008 for the course ECON 101 taught by Professor Hansen during the Spring '07 term at Wisconsin.
- Spring '07