Question: 1-If inputs decrease by 22%, and outputs increase by 18%, what is the percentage change in productivity? 2-Suppose that a firm is considering opening a

1-If inputs decrease by 22%, and outputs increase by 18%, what is the percentage change in productivity?

2-Suppose that a firm is considering opening a plant on the moon, and the current exchange rate is 10 dollars per moon piece (mp). Also, the wage rate is 1.60 mp per hour. Suppose further that U.S. workers can produce 620 units per hour, while workers on the moon are expected to be able to produce 1,000 units per hour (more items float away).

a. What is the relative wage rate (in dollars, rounded to the nearest penny) of operating on the moon, after taking productivity differences into account?

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