Answer: $6.00
Explanation:
From the question, we can see that the productivity in the United States is (45/9) = 5 times higher than that of Mexico.
Therefore, the wages in Mexico should be 5 times lower than the wages paid to the workers in the United States. This will be:
= $30.00 / 5
= $6.00
Therefore, in order for the firm to reduce its wage cost per unit of output by moving to Mexico, the wages in Mexico must be below $6.00 per hour.
Answer:
The correct option is C
Explanation:
Overconfidence bias is a tendency to hold a misleading assessment of our skills, intellect or talent.
Answer:
Total cost= $114,800
Explanation:
Giving the following information:
Direct materials $ 6.80
Direct labor $ 4.30
Variable manufacturing overhead $1.60
Sales commissions $ 1.20
Variable administrative expense $ 0.45
Unitary variable cost= $14.35
<u>Total cost for 8,000 units:</u>
Total cost= 14.35*8,000= $114,800
Answer:
Entrepreneur
Explanation:
Because They take a risk by starting a business
Answer:
The expectation would be for the quantity supplied to increase more this summer than in the following summers.
Explanation:
The quantity supplied would increase because the quantity supplied always follows the same direction as price, and since the price is not expected to change for a few years, then the quantity will also not change after the first increase.
