Question: (Explain answer for question 2 please) In Myanmar (formerly Burma), 6 laborers, each making the equivalent of $5 per day, can produce 40 units per

(Explain answer for question 2 please) In Myanmar (formerly Burma), 6 laborers, each making the equivalent of $5 per day, can produce 40 units per day. In rural China, 10 laborers, each making the equivalent of $4 per day, can produce 45 units. In Billings, Montana, 2 laborers, each making $56 per day, can make 100 units. Based on labor costs only, which location would be most economical to produce the item? Compare labor productivity ($/unit) of each location. Show calculation process (answers: in two decimal places). Myanmar:____$0.75 per unit___________, China:___$0.89 per unit______________, Billings:_____$1.12 per unit__________ Answer:____Myanmar, most economical to produce for $0.75 per unit._____________ .

Refer to Problem 1. Shipping cost from Myanmar to Denver, Colorado, the final destination, is $2 per unit. Shipping cost from China to Denver is $1.5 per unit, while the shipping cost from Billings to Denver is $.3 per unit. Considering both labor and transportation costs, which is the most favorable production location? Why?

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