Compare two Renault plants producing the same number of cars approximately.One of them is in France, the
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Compare two Renault plants producing the same number of cars approximately.One of them is in France, the other one in Romania. Renault had designed these plants to minimize the production costs.Consider the wage levels in these countries. Which plant would use more automation and which plant will rely on more labor force? Draw a graph to indicate the factors of production used in either plant.Indicate the relevant isoquant(s) on your graph.
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