Agood in the u. s. costs $20. the same good costs 150 pesos in mexico. if the nominal exchange rate is 10 pesos per dollar, what is the real exchange rate? a. 4/3 so the good is more expensive in the u. s. b. 3/4 so the good is more expensive in the u. s. c. 3/4 so the good is more expensive in mexico d. 4/3 so the good is more expensive in mexico

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?