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Lyrx [107]
3 years ago
6

During​ recessions, American firms lay off a larger proportion of their workers than Japanese firms do. ​ (It has been claimed t

hat Japanese firms continue to produce at high levels and store the output or sell it at relatively low prices during the​ recession.) Would you expect the average product of labor to be higher in Japan or the United​ States? ​ Why? Assume that the production function remains unchanged over a period that is long enough to include many recessions and​ expansions, that Japanese and American firms have identical production​ functions, and that Japan and the U.S. produce using the same ratio of factors during good times.

Business
1 answer:
bekas [8.4K]3 years ago
3 0

Answer:

The answer is "choice a"

Explanation:

In the given question the missing choices is added in attached file please find it.

The additional output produced through hiring an extra item of such an input reflects the marginal product (MP). For the very first time. for example, its marginal labor productivity was increased output generated by recruiting additional work.  

This law diminishing marginal returns as more as units that even the marginal result of even an input, that is hired input.  

In other words, any additional work input would generate less than a previous employee because recruiting additional workers decreases expected revenue on jobs, the laid-off of employees, which means the Labor would grow expected revenue.  

In Japan is laying off fewer employees even despite the slowdown it continues to produce strong outputs. The lower-priced revenues and their work remain constant along with their steady overall performance.  

Your medium product (total) item divided by total work would stay intact. United states staff layover to the other side. It laid-off the staff equals higher marginal labor for overall returns it's going to be higher production besides that, lower labor in the United States could mean an increase in the gross labor output but a larger for Japan, more then, that's why the choice a is correct.

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Answer:

Q1= 9,510

Q2= 7,680

Q3= 3,140

Q4= 3,820

Explanation:

Giving the following information:

Expected quarterly unit sales for tents at Sandy’s Camping Gear are 7,500, 8,800, 3,200, and 2,900.

At the start of the current year, the inventory of finished tents on hand is 750 tents. The desired ending inventory of 20 percent of next quarter’s sales.

The production budget for each month has the following structure:

Production budget= sales + ending inventory - beginning inventory

Q1= 7,500 + (8,800*0.20) - 750= 9,510

Q2= 8,800 + (3,200*0.20) - 1,760= 7,680

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Q4= 2,900 + (7,500*0.20) - 580= 3,820

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3 years ago
The following information is available for Marks Company at December 31, 2019:
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Answer:

cost of goods manufactured= = $222,800

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

beginning WIP = 6,000

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Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry. PCC owes Mitsubishi Heavy Industry 500 million ye
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Answer:

Explanation:

a)

In  the case of forwarding hedge:

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Present value of yen payable = 500 \ yen \div (1+ \dfrac{5}{100})

= \dfrac{500 \ yen }{1.06}

= 476.20 million yen

PCC would convert dollars to yens at the spot market rate and borrow yen such that it would get 500 million yen at maturity(i.e after one year)  for Mitsubishi to receive it.

Dollars needed to get these yen = 476.30 yen  ÷ 124 yen/dollar

= $3.84 million

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b)

On the maturity date, the spot rate is 110 yen/dollar  

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The dollar cost needed from the option hedge required to matching the forward hedge is determined by subtracting it from the premium amount:

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As a result, at the future spot rate of 111.61 yen/dollar, PCC will be unconcerned about and indifferent about the option or forward hedge because the future dollar cost of meeting the obligation will be the same.

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Answer:

true

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