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A U.S. company has two manufacturing plants, one in Michigan and one in Toluca, Mexico. Both produce the same item, each for sale in their respective countries. However, their productivity figures are quite different. The analyst thinks this is because the Michigan plant uses more automoted equipment for processing while the other plant uses a higher percentage of labor. Explain how that factor can cause productivity figures to be misleading. Is there another way to compare the two plants that would be more meaningful? Respond to at least two additional posts from you fellow students.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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