(Solved): A U.S. electronics manufacturer is considering moving its production abroad. Suppose its production ...

A U.S. electronics manufacturer is considering moving its production abroad. Suppose its production function is

In the United States,

and

. In Mexico, the wage is

lower than in the United States but the firm faces the same cost of capital:

and

. What are

and

and what is the cost of producing

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.,

is

is

and the cost of production is $

In Mexico, L is

,

is

and the cost of production is