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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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What is the name given to the difference between the minimum and maximum values for a data set?
Setler [38]
The difference is called the range
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3 years ago
Varieties of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is either hom
Tresset [83]

Answer:

Market control by a few large firms

Difficult entry

Mutual interdependence

Explanation:

In the case of oligopoly as we know that there are very little large firms and each kind of firm generates the important portion of the total output. So each market have the market control

Also the main reason behind the barrier with regard to new firm entered is the barrier for the few firms. The reasons like patents, large capital needed are some reasons that makes it difficult for entering

In addition to this, they are mutual interdependent. This implies that the one firm action would impact the other firm action and according to this, the price and the level of output would be determined

Hence, the above represent the answer

6 0
3 years ago
Suppose the U.S. National Marine Fisheries Services (NMFS) is considering implementing one of the two policies on fishers in the
enot [183]

Answer and Explanation:

A. NMFS will choose policy A (regulation). If NMFS chooses policy A, fisher will choose to pay the fine. If NMFS chooses policy B, fisher will choose to adjust his fishing behavior.

7 0
3 years ago
Which one of the following statements is true?
Alecsey [184]

Answer:

b. A manufacturing company will normally have raw materials, work in process, and finished goods as inventory account classifications.

Explanation:

A manufacturing unit will generally follow, three step completion of goods while manufacturing, as in primary state the company requires raw material for processing it and making it finished good.

After that the goods are processed and as all goods require some further time to process, some goods remain in between some stage called, work in process, where some processing is done, and some is left.

The last stage is to become a finished good, once the goods are completed, it is called finished goods and then goods are aimed to be sold.

Therefore, correct statement is statement B.

6 0
3 years ago
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