The cheap foreign labor argument for protectionism refers to a lower wage often earned by many foreign workers.
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Answer:
Break-even point (dollars)= $219,656
Explanation:
Giving the following information:
Division N
Sales= $223,000
Variable expenses= 86,970
Contribution margin= 136,030
Traceable fixed expenses= 105,000
Segment margin= 31,030
Common fixed expenses= 28,990
To calculate the break-even point in dollars for Division N, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
contribution margin ratio= (sales - variable costs) / sales
Break-even point (dollars)= (105,000 + 28,990) / (136,030/223,000)
Break-even point (dollars)= $219,656
Part A:
The number of outcomes that each of them will have to choose anyone at random is calculated below.
n = 3 x 3 = 9
This is because, Al will have 3 choices and similarly, Bill will also have three choices. These outcomes are as written below.
S = (1,1), (1,2), (1,3), (2, 1), (2,2), (2, 3), (3, 1), (3, 2), and (3,3)
Part B: To make the same choice, there will only be three outcomes. These are:
S = (1, 1), (2, 2) and (3, 3)
Part C: If neither of them will vote for 2, there will only be four outcomes. This is because each of them will only have two choices. These are:
S = (1, 1), (1, 3), (3, 1), and (3,3)
ok ok poko kdwkdwExplanation:
Answer:
The correct answer is letter "B": reduce productivity. Other things the same, this decrease will be larger in a poor country.
Explanation:
Labor productivity measures the units a worker can produce per hour. <em>Capital, technology, </em>and <em>human development</em> influence the labor productivity employees could have. Poor countries are characterized by having low investments. If the labor force increases but the capital remains stagnant, the level of productivity is likely to fall since there is a surplus in labor hand.