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andrey2020 [161]
3 years ago
7

In Myanmar​, six ​laborers, each making the equivalent of $3.00 per​ day, can produce 40 units per day. In China​, ten ​laborers

, each making the equivalent of $2.00 per​ day, can produce 45 units. In Billings, Montana​, two ​laborers, each making $60.00 per​ day, can make 100 units. Based on labor cost per unit​ only, the most economical location to produce the item is
Business
1 answer:
kati45 [8]3 years ago
8 0

Answer:

China

Explanation:

Calculation to determine which location would be most economical to produce the item

Using this formula

LaborCost per Unit=Labor Cost per Day/Production(units per day)

Let plug in the formula

Myanmar = 6 Laborers x $3/day = $18/day

Myanmar=$18/day/ 40 units

Myanmar= $0.45/unit

China = 10 Laborers x $2/day = $20/day

China= $20/day/ 45 units

China= $0.444/unit

Montana = 2 Laborers x $60/day = $120/day

Montana= $120/day/100 units

Montana = $1.20/unit

Therefore the location that would be most economical to produce the item is CHINA

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Answer:

b. attempts to provide a product with greater customer value than the first mover.

Explanation:

In marketing, it is believed that the first mover gains an edge over the followers. A first mover is the initial entrant and provider of products and services catering to a marketing segment.

A second mover refers to the immediate next of the first mover. The advantage second mover has over the first mover being, it can analyze the response the first mover generated and effectively gauge what went right and what went wrong for the first mover.

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4 years ago
Billy Bob's Barber Shop knows that a 5 percent increase in the price of their haircuts results in a 15 percent decrease in the n
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Option (B) is correct.

Explanation:

Given that,

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Percentage decrease in quantity demanded = 15%

Therefore,

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Elasticity\ of\ demand=\frac{15}{5}

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List two types of discounts and explain how they work for consumers.
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Characteristics of capital projects include: Group of answer choices Involves long-lived assets Usually requires long-range plan
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Characteristics of capital projects include (B) usually requires long-range planning and extensive financing.

<h3>What are capital projects?</h3>
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<h3>Characteristics of capital projects:</h3>
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  2. A construction project is usually included.
  3. Long-term planning and extensive financing are usually required.
  4. Maintain a project-life emphasis rather than a year-to-year concentration.

Therefore, characteristics of capital projects include (B) usually require long-range planning and extensive financing.

Know more about capital projects here:

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Correct question:

Characteristics of capital projects include:

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(A) Involves long-lived assets.

(B) Usually requires long-range planning and extensive financing.

(C) Usually has a year-to-year focus.

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