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Please show your work A U.S. apparel manufacturer is considering moving its production abroad. Suppose its production function is: q= L0.60K0.40, so its MP_ =

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A U.S. apparel manufacturer is considering moving its production abroad. Suppose its production function is: q= L0.60K0.40, so its MP_ = 0.60q/L and its MPk = 0.40q/K. In the United States, w=$6 and r=$4. At its Asian plant, the firm will pay a 30% lower wage and a 30% higher cost of capital: w* = $6/1.30 and * = $4(1.30). What are L and K and what is the cost of producing q = 100 units in both countries? (for all responses, enter a real number rounded to two decimal places) In the U.S., L is

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