When comparing Mexico to Scotland, you would expect Scottish workers to have greater productivity and higher labour cost per worker
Explanation:
One may expect that a Scotland plant will be less labour intensive and efficient per worker than just Mexican facilities as a more advanced technological nation and that "higher productivity and low labour cost" will be the right answer.
Both possibilities for lower productivity can be excluded as they demonstrate lower productivity. "Higher productivity, but less energy per job" is not the solution because it recognises lower labour costs per worker rather than higher.
The increase in labour productivity relies, according to certain studies, on three key factors: innovation and capital goods saving, modern technology and human capital.
Answer:
e. exists when a single seller experiences lower average total costs than any potential competitor.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public water supply company is an example of a monopoly because they serve as the only source of water provider to the general public in a society.
A natural monopoly exists when a single seller experiences lower average total costs than any potential competitor because of the very high start-up or initial cost and economy of scale.
Answer:
<em>16,800 dollars.</em>
Explanation:
<em>Overhead rate predetermined at availability.
</em>
= Approximate overhead processing times / Capacity machine hours.
= $33,600 / 24,000.
= $1.4 per hour on machine.
<em>Cost of Resources not used.
</em>
= (Machine hours at capacity - Actual machine hours) x Overhead speed estimated at load.
= ( 24,000 - 12,000) x $1.4.
= 16,800 dollars.
Answer:
6 percent.
Explanation:
To solve this question, we will take help of the Fisher equation,
Therefore,
(Spot rate/Forward rate) = (interest rate in US/Interest rate in Canada),
(1/1.2) = (0.05/x), Now solving for 'x'.
There fore,
x = (1.2 * 0.05) / 1
x = 0.06.
Hope this clear things up
Thankyou.
Answer:
Sixteenth (16th)
Explanation:
The sixteenth amendment in the United States Constitution provides the right to Congress whereby, it can levy the taxes in the form of income tax on the amount of income, without segregating it in any manner, that is in no manner it is apportioned in relation to any number or weightage of the population concerned of the state.
This amendment thereby provides for straight tax as discussed in the example.
