Question: Refer to the table to answer the question Output Tech 1 Tech 2 Tech 3 K L K L K L 100 4 6 2.
Refer to the table to answer the question Output Tech 1 Tech 2 Tech 3 K L K L K L 100 4 6 2. 8 5 3 if the firm is operating in a low wage country, where capital cost $150 per unit and labor cost $60 per worker, which technology Maximize the profit? Select one: O a. technology 2 O b. technology 3 O c.all O d. technology 1 O e. none
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