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dusya [7]
3 years ago
14

Say that the hourly cost to employers per German industrial worker was $44. The hourly cost to employers per U.S. industrial wor

ker was $34. while the average cost per Taiwanese industrial worker was $20. Give three reasons why firms produce in Germany rather than in a lower-wage country.
Business
1 answer:
Arisa [49]3 years ago
3 0

Answer:

Germany has some strategic advantages discussed below.

Explanation:

Germany is a nation within the European Union and this gives it some advantages than other low cost economies like U.S and Taiwan.

1. Germany has a comparative advantage in technology. With the high level of technological development in Germany the country is a perfect place for producing quality product. Since it uses more of capital intensive production, the man hours required will be low.

2. There is free flow of goods, services, and workers accross EU states. This will reduce cost of procurement of raw materials needed in production. In other low cost economies transportation may attract high cost that will not justify the lower wages.

3. The use of common currency with surrounding countries will reduce tarrifs and other related charges with importation of goods needed in production process in Germany.

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Amount of money deposited in the two accounts is 80% of 7500$.
Amount of money in the two accounts = 0.8 * 7500 = 6000$

Now assume that the amount deposited in CD account is m and the amount deposited in the saving bond is n.
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Therefore: m = 6000 - n ................> equation I

Now we write another equation expressing the savings:
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Substitute with equation I in equation II:
0.04 (6000-n) + 0.07n = 360
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n = 4000 $

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3 years ago
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Answer:

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Explanation:

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