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wolverine [178]
3 years ago
5

Consider a small island country whose only industry is weaving. The following table shows information about the small economy in

two different years.
Complete the table by calculating physical capital per worker as well as labor productivity.

Year Physical Capital Labor Force Physical Capital per Worker Labor Hours Output Labor Productivity
(Looms) (Workers) (Looms) (Hours) (Garments) (Garments per hour of labor)
2027 300 100 5,000 45,000
2028 480 120 4,200 50,400


Based on your calculations,______ in physical capital per worker from 2027 to 2028 is associated with______ in labor productivity from 2027 to 2028.
Suppose you're in charge of establishing economic policy for this small island country.

Which of the following policies would lead to greater productivity in the weaving industry? Check all that apply.
a. Imposing restrictions on foreign ownership of domestic capital
b. Offering free public education to every worker in the country
c. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts
d. Imposing a tax on looms
Business
1 answer:
Oksana_A [137]3 years ago
3 0

Answer:

an increase; an increase.

b. Offering free public education to every worker in the country. c. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts.

Explanation:

Based on the available information, the physical capital per worker and the labor productivity in 2028 are higher than those in 2027 due to an increase in productivity. Furthermore, if there could be free education, savings, and funding for research work, productivity will definitely increase. This will enlighten the workers and boost the economy.

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Net Present value = Present value of Cash inflows - Present value of Cash outflow is the  method for evaluating capital investment proposals reduces the present value of cash outflows from the present value of cash inflows.

Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project. Net Present value is the result of calculations used to find the current value of a future stream of payments.

Net Present value accounts for the time value of money and can be used to compare the rates of return of different projects, or to compare a projected rate of return with the hurdle rate required to approve an investment.

The time value of money is represented in the Net Present value formula by the discount rate, which might be a hurdle rate for a project based on a company's cost of capital. No matter how the discount rate is determined, a negative Net Present value shows the expected rate of return will fall short of it, meaning the project will not create value.

Learn more about Net Present value here

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1 year ago
What is a product's life cycle?
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4 years ago
True or false: Flexible prices help to explain how unexpected changes in demand lead to the fluctuations in GDP and employment t
Salsk061 [2.6K]

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4 0
3 years ago
A customer has a long stock position that has appreciated greatly in value. It is now October and the customer wants to protect
Tatiana [17]

Answer:

B. sell a "deep in the money" European style call of the stock

Explanation:

The difference between an American style call and a European style call is that the American style can be exercised any time before the expiration date, while the European style call is only exercised at the date of expiration.

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3 0
4 years ago
Selected data for Lemon​ Grass, Inc. for the year are provided​ below: Factory Utilities ​$1,000 Indirect Materials Used ​34,000
tester [92]

Answer:

$154,700

Explanation:

Given that:

  • Indirect Materials: 34,000
  • Direct Materials​: 292,000
  • Factory Utilities: ​1,000
  • Property Taxes: 5,900
  • Sales Commissions: 85,000
  • Indirect Labor : ​22,000
  • Direct Labor: 150,000
  • Depreciation on Factory Equipment: ​6,800

As we know that total manufacturing​ overhead are costs incurred to create the product or service that is not related to direct material or direct labor.

So our total manufacturing​ overhead in this question is:

Factory Utilities +Indirect Materials Used + Property Taxes on Factory Building + Sales Commissions + Indirect Labor Incurred + Depreciation on Factory Equipment

= 1,000 + 34,000 +5,900 +​ 85,000 +  ​22,000 + 6,800  

= 154,700

7 0
3 years ago
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