Recall the formula from the application, The Effect of FDI on Rentals and Wages in Singapore. Give

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Recall the formula from the application, "The Effect of FDI on Rentals and Wages in Singapore." Give an intuitive explanation for this formula for the rental rate. Describe one side of the equation as a marginal benefit and the other as a marginal cost.
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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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