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11. A process plant was constructed in the Philadelphia area (Middle Atlantic) at a labor cost of $200,000 in 1980 . What would the average

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11. A process plant was constructed in the Philadelphia area (Middle Atlantic) at a labor cost of $200,000 in 1980 . What would the average costs for the same plant to be in the Miami, Florida area (South Atlantic) if it were constructed in late 1988? Assume, for simplicity, that the relative labor rate and relative productivity factor remain essentially constant

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