ECO 550 Week 3 Assignment: A company operates plants in both the United States (where capital is relatively cheap and labor is relatively expensive)

ECO 550 Week 3 Assignment: A company operates plants in both the United States (where capital is relatively cheap and labor is relatively expensive)

A company operates plants in both the United States (where capital is relatively cheap and labor is relatively expensive) and Mexico (where labor is relatively cheap and capital is relatively expensive).

1. Why is it unlikely that the cost-minimizing factor choice will be identical between the two plants?
2. Under what circumstances will the input choice be relatively similar?

Course: ECO 550 Managerial Economics and Globalization
School: Strayer University

• Due Date (Double Check): 25/05/2017
• Willing to Pay (USD): 5