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A firm can use three different production technologies, with capital and labor requirements at each level of output as follows: TECH 1TECH 2TECH 3 Daily OutputKLKLKL 100374554 1503104755 2004115866 25051361078 b)Now suppose the form is operating in a low-wage country where capital cost is $100 per unit per day but labor cost is only $40 per unit per day.For each level of output, which technology is the cheapest? Clearly support your calculations.

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