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tatyana61 [14]
3 years ago
9

Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan a

re $10 per hour. Production costs would be lower in the United States as compared to Japan if
U.S. labor productivity equaled 40 units per hour and Japan's 15 units per hour.
Business
1 answer:
Afina-wow [57]3 years ago
4 0

Answer:

True

Explanation:

This simply means that the US would be at an advantage over Japan if in the U.S, labor productivity level of a worker equaled 40 units per hour while in Japan it is 15 units per hour.

Since a company overall performance is determine usually by wotkers production capacity, the US workers would be producing more in an hour for the company at reduced cost than Japanese workers.

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A 60,000 square meter rectangular yard is to be enclosed on three sides by wood fencing that costs $25.00 per meter and on the f
raketka [301]

Answer:

C'(y) = 50 -\frac{3900000}{y^2}=0

And we can solve for y and we got:

y = \sqrt{\frac{3900000}{50}}= 279.285

And using condition (1) we can solve for x and we got:

x= \frac{60000}{279.285}= 214.834

So then the minimum cost for this case would be:

C = 50*279.285 + 65*214.834 = 27928.49

Explanation:

For this case the graph attached illustrate the problem for this case

We know that the total area is 60000, so then we have:

xy = 60000

If we solve for x we got:

x = \frac{60000}{y}  (1)

Now we can define the cost function like this:

C = 2*(25)*y + 25 x +40 x

C(x,y) = 50 y + 65 x

We can use the condition (1) and if we replace in the cost function we have:

C(y) = 50 y + 65(\frac{60000}{y})

Since we need to minimize the cost, we can derivate the function in terms of y and we got:

C'(y) = 50 -\frac{3900000}{y^2}=0

And we can solve for y and we got:

y = \sqrt{\frac{3900000}{50}}= 279.285

And using condition (1) we can solve for x and we got:

x= \frac{60000}{279.285}= 214.834

So then the minimum cost for this case would be:

C = 50*279.285 + 65*214.834 = 27928.49

7 0
3 years ago
Lawyers, accountants, and other professionals typically price by adding a standard markup for profit. This exemplifies ________.
Korvikt [17]

Answer:

B) cost-plus pricing

Explanation:

hope this helps :)

3 0
2 years ago
Partnership records show the following capital balances at the date of Hopkin's withdrawal: M. Hammel, $80,000; D. Hopkins, $210
Anestetic [448]

Answer:

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

Cr M. Hammel, Capital 10,000

Cr Cash 230,000

Explanation:

Preparation of the December 31 journal entry for the partnership.

Based on the information given the December 31 journal entry for the partnership will be :

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

(100,000-80,000/2)

Cr M. Hammel, Capital 10,000

(100,000-80,000/2)

Cr Cash 230,000

3 0
3 years ago
Differential Analysis for a Lease or Sell Decision Granite Construction Company is considering selling excess machinery with a b
jeka57 [31]

Answer and Explanation:

The preparation of the differential analysis is presented below:

<u>Particulars   Lease Machinery Sell Machinery Differential Effect on Income </u>

Revenues     $284,900             $275,700              $9,200

Costs            $24,600                $13,785                 $10,815

Income (Loss) $260,300          $261,915              -$1,615

It is better to sell the machinery as it has a loss of $1,615

8 0
3 years ago
The management team at electronics galaxy is evaluating whether or not to have sales staff wear uniforms on the showroom floor.
Delicious77 [7]

Answer:

b. Uniforms can help customers identify members of the sales staff

Explanation:

When evaluating whether or not to have sales staff wear uniforms on the showroom floor. What the electronics galaxy should consider about wearing uniforms is that "Uniforms can help customers identify members of the sales staff."

As customers come in to buy their products, they can quickly know the sales staff, and approach them to describe the type of. the product they came for and eventually buy the product if satisfied.

6 0
3 years ago
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