In Cambodia, 6 laborers, each making the equivalent of $3 per day, can produce 40 units per
Question:
In Cambodia, 6 laborers, each making the equivalent of $3 per day, can produce 40 units per day. In China, 10 laborers, each making the equivalent of $2 per day, can produce 45 units. In Billings, Montana, two laborers, each making $60 per day, can make 100 units. Based on labor costs only, which location would be most economical to produce the item?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Where Six laborers each making 3 per day can produce 40 units Ten l...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
In Myanmar (formerly Burma), 6 laborers, each making the equivalent of $ 3 per day, can produce 40 units per day. In rural China, 10 laborers, each making the equivalent of $ 2 per day, can produce...
-
Determine which shipping alternative would be most economical to ship 80 boxes of parts when each box has a price of $ 200 and holding costs are 30 percent of price, given this shipping information:...
-
a. Determine which delivery alternative would be most economical for 80 boxes of parts. Each box costs $200 and annual holding cost is 30 percent of cost. Freight costs are: b. For what range of unit...
-
For each polynomial function, complete the following in order. (a) Use Descartes rule of signs to determine the different possibilities for the numbers of positive, negative, and nonreal complex...
-
A map in a pirate's log gives directions to the location of a buried treasure. The starting location is an old oak tree. According to the map, the treasure's location is found by proceeding 20 paces...
-
What complication arises in the electrolytic refining of aluminum because of the production of oxygen?
-
Calculate the inductance of a 2000 -winding cylindrical solenoid that is \(0.20 \mathrm{~m}\) long if the radius of each winding is \(0.030 \mathrm{~m}\).
-
Victoria Chocolates, Ltd., makes premium handcrafted chocolate confections in London. The owner of the company is setting up a standard cost system and has collected the following data for one of the...
-
5 Which one of the following correctly represents Sodium oxide? +2 XX a) Na 20 XX 6) 2NaOx x; 1-2 'xx' 1-2 c) 2 Na 20% c) Na XX XX 6 An element with atomic number_ will form a basic oxide. a) 7 (2,5)...
-
The following table summarizes the key facts about two products, A and B, and the resources, Q, R, and S, required to produce them. Resource Usage per Unit Produced Amount of Product Product Resource...
-
Elmers Fudge Factory is planning to open 10 retail outlets in Oregon over the next 2 years. Identify (and weight) those factors relevant to the decision, Provide this list of factors and weights.
-
Refer to Problem 8.1. Shipping cost from Cambodia to Denver, Colorado, the final destination, is $1.50 per unit. Shipping cost from China to Denver is $1 per unit, while the shipping cost from...
-
Presented below and on the next page is the balance sheet of Rasheed Brothers Corporation (000s omitted). InstructionsEvaluate the balance sheet presented. State briefly the proper treatment of any...
-
Which statement is true? a) A price floor is above equilibrium price and causes surpluses. b) A price floor is above equilibrium price and causes shortages. c) A price floor is below equilibrium...
-
We learned that Facebook acquired GIPHY for a sum of $400 million. Facebook has historically maintained its WACC at around 8%. Assume that Facebook acquired another app this year for $500 million and...
-
Supply is most elastic in ______. a) the market period b) the short run c) the long run
-
If the price system is allowed to function without interference and a shortage occurs, quantity demanded will __________ and quantity supplied will _____as the price rises to its equilibrium level....
-
A tax will ______. a) lower price and raise supply b) lower price and lower supply c) raise price and lower supply d) raise price and raise supply
-
A steel cylinder containing air is heated from 25 C to 50 C. State the change in each of the following: (a) Kinetic energy of the gas (b) Motion of air molecules.
-
Outline a general process applicable to most control situations. Using this, explain how you would develop a system to control home delivery staff at a local pizza shop.
-
In a consolidation, one corporation acquires all the assets and liabilities of another corporation, which then ceases to exist. (True/False)
-
The IRS is concerned with improving the accuracy of tax Information given by its representatives over the telephone. Previous studies involved asking a set of 25 questions of a large number of IRS...
-
A travel agency is concerned with the accuracy and appearance of itineraries prepared for its clients. Defects can include errors in times, airlines, flight numbers, prices, car rental information,...
-
A travel agency is concerned with the accuracy and appearance of itineraries prepared for its clients. Defects can include errors in times, airlines, flight numbers, prices, car rental information,...
-
Company name is Walmart, Inc. here is the link https://www.sec.gov/ix?doc=/Archives/edgar/data/104169/000010416923000020/wmt-20230131.htm Overview 1. The financial statements for your company are...
-
Congress would like to increase tax revenues by 19 percent. Assume that the average taxpayer in the United States earns $54,000 and pays an average tax rate of 15 percent. Required: a. If the income...
-
Best Solutions is a retail merchandiser selling computer equipment. Best uses the gross method of accounting for inventory purchases and sales, a perpetual inventory system with LIFO inventory...
Study smarter with the SolutionInn App