Question: In Buffalo Jump, Alberta 2 labourers, each making C$60 per day can produce 100 widgets. In the Peoples Republic of Elsewhere, 6 labourers, each making

In Buffalo Jump, Alberta 2 labourers, each making C$60 per day can produce 100 widgets.

In the Peoples Republic of Elsewhere, 6 labourers, each making the equivalent of C$3 per day, can produce 40 widgets per day.

In rural Phacebukistan, 10 labourers, each making C$2 per day, can produce 45 widgets per day.

Based on labour costs only, which location would be to most economical to produce widgets.

please show work i want to understand :)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!