Question 7, Concept HW Score: 0%, 0 Question 3.7 > of 8 points Save Part 1 of 6 O Points: 0 of 1 A U.S. electronics manufacturer is considering moving its production abroad. Suppose its production function is q=10710.3 In the United States, w =$7 and r=3. In Mexico, the wage is 10% lower than in the United States but the firm faces the same cost of capital: w* = $6.30 and r* = 3. What are L and K and what is the cost of producing q = 100 units in both countries? (for all of the following questions, enter a numeric response using a real number rounded to two decimal places) In the U.S., L isQuestion 8, Text HW Score: 0%, 0 X X That's incorrect. n list Firms minimize the cost of production by setting MP /w equal to MP /r such that the amount of output produced is q = 100. on 5 OK on 6 In the U.S., L is 140.85Question 7, HW Score: - 3 Concept 9.38%, 0.750of 8 LS L) Question 3.7 e Part 1 of 6 @M @ That's incorrect. Firms minimize the cost of production by setting MPL!w equal to MPKfr such that the amount of output produced is g =100. Question 8, Text HW Score: ework: Pearson 3 Exercise 6.3 9.38%, 0.75 of 8 X X That's incorrect. n list Firms minimize the cost of production by setting MP /w equal to MP /r such that the amount of output produced is q = 100. on 5 OK on 6 In the U.S., L is 140.85Question 7, HW Score: - 3 Concept 9.38%, 0.750of 8 LS L) Question 3.7 e Part 1 of 6 @M @ That's incorrect. Firms minimize the cost of production by setting MPL!w equal to MPKfr such that the amount of output produced is g =100