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Question 2: Most Economical Location to Produce Item Please show all steps/work/formulas. In Myanmar, six laborers, each making the equivalent of $3.00 per day, can

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Question 2: Most Economical Location to Produce Item

Please show all steps/work/formulas.

image text in transcribed
In Myanmar, six laborers, each making the equivalent of $3.00 per day, can produce 40 units per day. In China, ten laborers, each making the equivalent of $2.00 per day, can produce 45 units. In Billings, Montana, two laborers, each making $60.00 per day, can make 100 units Shipping cost from Myanmar to Denver, Colorado, the final destination, is $1.50 per unit. Shipping cost from China to Denver is $1.00 per unit, while the shipping cost from Billings, Montana to Denver is $0.25 per unit. Based on total costs (labor and transportation) per unit, the most economical location to produce the item is | with a total cost (labor and transportation) per unit of (Enter your response rounded to two decimal places.)

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