The wage in the u.s. is 20. given current employment the, Ask an Expert

Economics

You have been appointed "Global Manager" of a firm that has two plants, one in the United States and one in Mexico. Assume you cannot change the size of the plants or the amount of capital equipment. The wage in Mexico is $5. The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9277936

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