Answer:
a. The correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.
b. The correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.
Explanation:
a. U.S. manufacturers can possibly compete if
A worker or labor is said to be more productive if it produces or able to produce larger amounts of goods than the other workers or labors.
If the U.S. workers are more productive than the workers in Mexico, the labor cost per unit of goods produced in the US will be lower than the labor cost per unit of goods in Mexico.
Therefore, the correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.
b. All manufacturing is not done in Mexico and other low-wage countries because
Trade barriers are restrictions on international trade imposed by the government.
When a country imposes trade barriers, some goods will not be imported into that country even if they are cheaper in terms of average compensation per hour for manufacturing workers than the locally produced goods. As a result, some of the goods have to be manufactured in the country where average compensation per hour for manufacturing workers is the highest.
Therefore, the correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.
Answer:
- Net present value of each project:
Project A:$37,193
Project B:$4,629
=> Project A should be chosen based on NPV approach as its NPV is higher.
- Internal rate of return of each project:
Project A: 20%
Project B: 12%
=>Project A should be chosen based on IRR approach as its IRR is higher
Explanation:
- Net present value calculation:
NPV for Project A: -111,000 + (37,116/0.08) x [1-1.08^(-5)] = $37,193
NPV for Project B: -43,000 + (11,929/0.08) x [1-1.08^(-5)] = $4,629.
- Internal rate of return approach;
IRR is the discount rate that bring NPV of project's cash flows to 0. Thus:
IRR for project A: -111,000 + (37,116/IRR) x [1-(1+IRR)^(-5)] = 0 <=> IRR = 20%
IRR for project B: -43,000 + (11,929/IRR) x [1-(1+IRR)^(-5)] = 0 <=> IRR = 12%
<h2>Compliance-based ethical codes that tell employee what behavior is expected of them and establish the punishment for any violations</h2>
Explanation:
Compliance-based ethical code
- Follow laws
- Follow rules and regulations
- Avoid legal complaints
- This always focus on prevention, early detection of violation
- Will empower legal counsel
- State of being in accordance with established guidelines
- These are the rules attached to the employees
- The rules, laws and regulation might be as follows
1. Non-Disclosure agreement
2. Behavior especially towards women employee
3. Timings and other administrative procedures
4. Any other which might create a legal issue
In competitive market equilibrium, the allocation of the social surplus is such that no individual can be made better off without making someone else worse off.
The phrase "competition equilibrium" refers to an equilibrium condition when the firm's goal of maximising profits and the customers' goal of maximising utility both aspire to reach an equilibrium price as a result of freely determined prices.
According to the theory of competitive equilibrium, the firm's supply of the product is equal to the market's demand for that same amount of the product. It is a circumstance in which neither the buyer nor the seller can strengthen their bargaining position with regard to the goods being sold.
Learn more about competitive market here brainly.com/question/13961518
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<span>A copayment is a fixed amount paid by a patient to the insurance company prior to a doctors’ visit. Insurance company ask the insured for copay to share health care cost, which is often a small portion of the actual cost of the medical service received. This is meant to prevent a person from seeking unnecessary medical care.</span>
