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 45 units. In Billings, Montana, 2 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? 8.18. Hyundai Motors is considering three sites-A, B, and C− at which to locate a factory to build its new-model automobile, the Hyundai Sport C150. The goal is to locate at a minimum-cost site, where cost is measured by the annual fixed plus variable costs of production. Hyundai Motors has gathered the following data: The firm knows it will produce between 0 and 60,000 Sport C150s at the new plant each year, but, thus far, that is the extent of its knowledge about production plans. a) For what values of volume, V, of production, if any, is site C a recommended site? b) What volume indicates site A is optimal? c) Over what range of volume is site B optimal? Why

Answers

Answer 1

Based on labor costs only, the location that would be most economical to produce the item is Myanmar (formerly Burma) with 6 laborers earning $3 per day and producing 40 units per day. The labor cost per unit is the lowest in Myanmar compared to rural China and Billings, Montana.

In Myanmar, the labor cost per unit is calculated by dividing the total daily labor cost ($3 per laborer x 6 laborers) by the number of units produced per day (40 units). The labor cost per unit in Myanmar is $0.45 ($18 total labor cost / 40 units).

In rural China, the labor cost per unit is $0.44 ($20 total labor cost / 45 units). Although the labor cost per laborer is lower in China ($2 per day), the higher number of laborers required (10 laborers) results in a slightly higher labor cost per unit.

In Billings, Montana, the labor cost per unit is the highest at $1.20 ($120 total labor cost / 100 units). Despite the high daily wage ($60 per laborer), the low number of laborers (2 laborers) limits the production volume and increases the labor cost per unit.

Therefore, based on labor costs only, Myanmar is the most economical location to produce the item due to the combination of lower labor costs per laborer and a moderate production volume. However, it's important to consider other factors such as infrastructure, market access, and quality standards when making a comprehensive decision on production location.

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Related Questions

A _____ is a person who does a job for a specified time period, usually less than six months. For example, some agricultural workers are often employed only for harvesting. Entrepreneur job sharing flexible work hours temporary employee

Answers

Answer:

Temporary employee.

Explanation:

A temporary employee is a person who does a job for a specified time period, usually less than six months. For example, some agricultural workers are often employed only for harvesting.

Basically, a temporary employee refers to an individual who is employed by an organization based on the specific requirements and needs of the organization and the job is typically limited to a specific period of time. Thus, once the agreed upon time elapse, the employee's service will no longer be needed and as such its terminated.

This type of employment is a contractual agreement between the employee and the employer for he or she to be employed for a limited period of time.

Answer:

Temporary Employee

Explanation: I took the test and got all of the answers right.

When you finish your budget, you should have:

A: money left over
B: more bills to pay
c: a zero balance
D: All of the choices

Answers

Answer:

Zero balance

Explanation:

Because you finished all your money.

C a zero balance A budget is an amount you plan to spend so when you finish it there’s nothing left

On the Income Statement, which of the following would be classified as a variable cost?
a. Promotion Expense
b. Depreciation Expense
c. R&D Expense
d. Direct Labor Expense)

Answers

Regular working hours and overtime are both considered to be part of direct labour. Additionally, it covers associated payroll taxes and costs including Social Security, Medicare, Unemployment Insurance, and Worker's Compensation Insurance.

Costs that vary depending on the volume of output are known as variable costs and can be noticed on the income statement. They differ depending on the quantity generated or the number of units made. Materials and direct labour are two examples of variable costs.

On the other hand, fixed costs are expenses that don't change based on the volume or number of units produced. Utility costs and rent are two examples of fixed expenses.

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jordan is planning ahead for retirement and must decide how much to spend and how much to save while she's working in order to have money to spend when she retires. when the income effect dominates the substitution effect, an increase in the interest rate on savings will cause her to a. decrease her savings rate. b. increase her savings rate. c. continue saving at the current rate. d. change her savings rate but in an unknown way.

Answers

Jordan's decision on how much to spend and save while she's working is crucial in planning for her retirement.

When the income effect dominates the substitution effect, an increase in the interest rate on savings will cause her to increase her savings rate. This means that Jordan will choose to save more money as the interest rate on her savings increases.

The income effect in this scenario refers to the fact that an increase in the interest rate will lead to a higher return on her savings, thereby increasing her overall income. This increased income will then lead her to save more money for her retirement.

On the other hand, the substitution effect refers to the fact that as the interest rate on savings increases, it becomes more attractive to save and less attractive to spend. This would lead to a decrease in her spending rate and an increase in her savings rate.

Therefore, when the income effect dominates the substitution effect, an increase in the interest rate on savings will cause Jordan to increase her savings rate.

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Which of the following are part of the marketing mix? (Check all that apply)

Answers

Answer:

product, price, place, promotion—are often referred to as the marketing mix. These are the key elements involved in marketing a good or service, and they interact significantly with each other.

Explanation:

PLZZ mark brainlyist

We've Come a Long Way From Where We Began

Answers

Answer:

oh ill tell you all about it when i see you again

Explanation:

Who made the better financial decision and why?
Veronique because her payments are lower.
Veronique because her final cost, including finance charges, is less than Lily’s.
Lily because she is paying off her purchase sooner.
Lily because her final cost, including finance charges, is less than Veronique’s.

Answers

Answer:

Lily

Explanation:

Paying off her purchase sooner is better because if you dont have the money when it hits the deadline you will loose credit score and your monthly payment will be higher.

Answer:

D) Lily because her final cost, including finance charges, is less than Veronique’s.

Explanation:

What happens if you still have a balance on your credit card AFTER the company starts charging you interest?

A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay

Answers

D is the most logical in my opinion

My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.

Hope this helps have a nice day :)

who uses financial institutions? ​

Answers

Answer:Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography

Explanation:

Answer:

The answer is: comercial banks, investment banks, brokerage firms, insurance companies, and asset management.

Betty owns and operates a childminding business. Her business has prospered
for some years, earning approximately $1,000,000 in annual profits, and she made
plans to expand, including building a new centre in Hawthorn estimated to cost
$2,000,000 on completion. She borrowed $1,000,000 from Second National to pay
for the centre. Her business deteriorated when Covid-19 restrictions came into
effect in 2020-2021, and all construction work came to a halt. Betty approached
her bank, Second National, asking the bank to suspend loan repayments until after
the Covd-19 restrictions were lifted. They refused to do so unless the loan plus
interest must be repaid within 5 years. If not, then Second National would take
ownership and control of the business completely.
Advise Betty.
(a) Second National’s request above will breach the Code of Banking Practice.
(b) Second National’s request above would be unconscionable.
(c) Second National’s request above complies with the Code of Banking
Practice and is not unconscionable.
(d) None of these answers are correct.

Answers

The correct answer is (b) Second National's request above would be unconscionable.In the given scenario, Betty's business experienced a significant downturn due to the Covid-19 restrictions, resulting in the halt of construction work and financial difficulties.

When Betty approached Second National, her bank, requesting a suspension of loan repayments until after the Covid-19 restrictions were lifted, the bank refused unless the loan plus interest was repaid within 5 years. If not, the bank would take ownership and control of the business completely.

This request by Second National can be considered unconscionable. Unconscionability refers to a situation where there is a significant power imbalance between the parties involved, and one party takes unfair advantage of the other's vulnerability. In this case, Betty's business has faced unforeseen and uncontrollable circumstances that caused financial hardship.

Second National's demand for immediate repayment, without considering the extraordinary circumstances faced by Betty's business, is unfair and exploitative. It fails to acknowledge the impact of the Covid-19 restrictions and the resulting financial difficulties.

Given the prospering history of Betty's business before the pandemic, a more reasonable approach would involve offering flexible repayment options or temporary relief to help the business recover.

Therefore, Second National's request to demand full repayment within 5 years without considering the circumstances would be deemed unconscionable.

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Whoever says I WIN first gets a brainliest

Answers

Answer:

I WIN

udyfjctdkbhdyghdgvhfhv

Answer:

i win

Explanation:

:))))

25 points, why are certain brands global brands? 3-4 answers

Answers

Answer:

they are global brands because they are very popular. like nike a lot of people buy there stuff so they make more biulings and become global. so basicly

its where brands have stores all over the worldExplanation:

what are some choices you have made/could make that would influence your future choices and options?

i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

I would have good company.

I would ensure that I have good communication skills.

I would have a mentor in my choice of career/study or life in general.

I would have a personal relationship with God.

Explanation:

In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.

The art of getting things done through the efforts of other people." Put yourself in the shoes of a manager and explain what this definition means in the context of a company operation. You can use the example of any company (large or small) and any good or service.

Answers

Answer: A manage manages situation to come out well with people

Explanation:

As a manager the only thing that rings in your mind is how to get things done, how to bring people together, in their best way to meet the goals of the organization. Managers would have to understand that they can't do without people. When a manager starts doing jobs without people while they're there then there is no need having them around and he isn't fit to be called a manager. A manage manages situation to come out well with people.

why is it important to track your income and your expenses ?

Answers

It's crucial to keep track of your earnings and outgoings for a number of reasons. Budgeting, Debt management: Investing and Saving, A better financial situation, Tracking Trends. It is a crucial step in gaining financial stability and control over your finances.

The act of tracking is keeping track of and recording changes throughout time. Tracking is a term used to describe the act of keeping track of and recording one's income and expenses in personal finance. This entails keeping track of all income streams, including wages and investments, as well as all outgoing costs, including rent, utilities, and grocery bills. Budgeting, saving and investing, managing debt, and improving financial wellness are just a few of the reasons why tracking is crucial. It offers a clear image of one's financial condition and aides in the identification of areas where adjustments can be made to increase financial stability. People can understand where their money is going and make wise decisions about spending, saving, and investing if they have precise trackings.

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Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math

Answers

Answer:

Keyboarding and Math :)

Explanation:

Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.

Answers

Answer:

Travelers lose their sense of the outside world.

Explanation:

Study Island

What is the difference between the pre-reservation and installment

Answers

Answer:

is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different

The fixed cost of Widget Corp., a keyboard manufacturing company, is $600,000 per year. The cost of equipment and labor to make one keyboard is $10. If the customers would pay $25 to buy one keyboard, Widget Corp. needs to sell _____ keyboards to make profits.

Answers

Answer: more than 40000

Explanation:

Given : Fixed cost per year = $600,000

Cost of equipment and labor to make one keyboard = $ 10

Selling price of 1 keyboard = $25

Gain on each keyboard = Selling price - cost

= $25 - 410

= $15

Minimum number of keyboards need to sell to make profit =  ( Fixed cost) ÷ (Gain)

= 600,000  ÷  15

= 40000

Hence, Widget Corp. needs to sell more than 40000 keyboards to make profits.

How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

When the production possibility frontier shifts out relatively more in one direction, we haveA) biased growth.B) unbiased growth.C) immiserizing growth.D) balanced growth.E) imbalanced growth.

Answers

When the production possibility frontier shifts out relatively more in one direction, we have "imbalanced growth" which is given in option E. This means that the economy is becoming more specialized in one area, potentially leading to an imbalance in the distribution of resources and potential economic instability. It is important for policymakers to consider the potential consequences of such growth and take steps to promote a more balanced allocation of resources and development.

Imbalanced growth is a natural path of economic growth. Situations that countries are in at any one point in time reflect their previous investment decisions and development. Accordingly, at any point in time desirable investment programs that are not balanced investment packages may still advance welfare.

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...
Help?
Will mark brainliest.
...

...Help? Will mark brainliest. ...

Answers

Answer:

4) what is analysis skill? why is it important in busines?

answer:

Analytical skills are important because they allow people to find solutions to various problems and make concrete decisions and action plans to solve those problems.

Why has leadership become required for survival?
Multiple Choice
O Otherwise organizations become chaotic.
O Because businesses dominate the economic landscape.
O Since the business world is less volatile.
O Because more changes are needed.
O Due to organizations being too complex.

Answers

The correct response is d) Because more changes are needed. The same thing as last year (or doing it 5% better) is no longer a successful strategy as the corporate world has gotten more competitive and volatile. For survival, more changes are necessary, which is why leadership is essential.

In the face of uncertainty, a strategy is a broad plan to carry out one or more long-term objectives or overall goals. It wasn't until the 18th century that the phrase was translated into Western vernacular languages in the sense of the "art of the general," This comprised several subgroups of abilities, such as military strategy, siegecraft, logistics, etc. The term initially appeared in terminology from the Eastern Roman Empire around the sixth century C.E. Since then and throughout the 20th century, the word "strategy" has come to mean "a comprehensive way to try to attain political aims, including the threat or genuine application of force in a "dialectic of wills" during a battle in which all sides are involved. Strategy is crucial because there are typically few resources available to accomplish goals.

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based upon the annual returns history since 1926, which asset category has (on average) yielded the highest risk premium? group of answer choices large-company stocks us government bonds small-company stocks corporate bonds

Answers

Correct option is C, Small company stocks had the highest average return for the period 1926-2013, Stocks of smaller companies made up 16.9%.

What different stock types are there?

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

The following classifications may apply to both common and preferred stocks:

Earnings growth in growth stocks is higher than market growth. Investors purchase them in the hopes of capital growth because they hardly ever pay dividends. A technology start-up is probably going to be a growth stock.

Income stocks routinely provide dividends. For the income they produce, investors purchase them. A well-known utility firm is probably an income stock.

Value stocks are less expensive to purchase than equities with a greater price-to-earnings ratio (PE ratio).

U.S. Treasury bills generated an average return of 3.5%.

Stocks of large companies were 12.1%.

Stocks of smaller companies made up 16.9%.

Corporate long-term bonds had a 6.3% yield.

The 5.9% long-term government bond rate.

Small firm stocks consequently generated the largest AR.

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Complete question -

Which one of the following categories of securities had the highest average return for the period 1926-2013?

U.S. Treasury bills

Large-company stocks

Small company stocks

Long-term corporate bonds

Long-term government bond

Could someone help me please?

Answers

Answer: Yes Definitely. But i need the question

Explanation:

you can get the solution on Brainly straightly.

Choose the method of pay that would result in the most earnings for one month on sales of $40,000. A. Straight commission of 7. 5% on all sales. B. Monthly salary of $1,600 plus 2. 5% commission on all sales. C. Graduated commission of 5% on the first $30,000 in sales and 6% on anything over that. D. Graduated commission of 4% on the first $25,000 in sales and 8% on anything over that.

Answers

The sales person will make the highest earnings when he earns a graduated commission of 4% on the first $25,000 in sales and 8% on anything over that.

Commission and salary

Sales people do not earn only a fixed salary. Most of the income of salespeople come in through commission on sales made. The higher the percentage of the commission, the higher the income of the sales person.

In the context of the question, the sales person will make the highest earnings when he earns a graduated commission of 4% on the first $25,000 in sales and 8% on anything over that.

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The risk that interest rates will increase, and that increase will lead to a decline in the prices of outstanding bonds, is called interest rate risk, or price risk. True or false?.

Answers

The given statement is True i.e., the risk that interest rates will increase, and that increase will lead to a decline in the prices of outstanding bonds, is called interest rate risk, or price risk.

Interest rate risk is the potential that a change in overall interest rates will reduce the value of a bond or other fixed rate investment. As interest rates rise bond prices fall, and vice versa. This means that the market price of existing bonds drops to offset the more attractive rates of new bond issues.

Interest rate risk is measured by a fixed income security's duration, with longer-term bonds having a greater price sensitivity to rate changes.

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Shahia Company bought a building for $86,000 cash and the land on which it was located for $113,000 cash. The company paid transfer costs of $15,000 ($3,000 for the building and $12,000 for the land). Renovation costs on the building were $33,000.Required:1. Prepare the journal entry to record the purchase of the property, including all relevant expenditures. Assume that all transactions were for cash and that all purchases occurred at the start of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)2. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $15,000 estimated residual value.

Answers

1. The journal entry records the cash purchase of land and a building, along with transfer and renovation costs, totaling $214,000.

2. Straight-line depreciation after one year is $7,100, calculated based on the building's cost, estimated residual value, and useful life.

1. The journal entry to record the purchase of the property and relevant expenditures would be as follows:

Land                      113,000

Building                   86,000

Transfer Costs        15,000

Cash                         214,000

The land is debited for $113,000, representing the cost of the land. The building is debited for $86,000, representing the cost of the building. Transfer costs are debited for $15,000, representing the costs associated with transferring the property. Cash is credited for $214,000, representing the cash paid for the purchase.

2. Straight-line depreciation at the end of one year can be calculated using the formula:

Depreciation Expense = (Cost - Residual Value) / Useful Life

Depreciation Expense = ($86,000 - $15,000) / 10

Depreciation Expense = $71,000 / 10

Depreciation Expense = $7,100

The depreciable cost is the cost of the building ($86,000) minus the estimated residual value ($15,000), which equals $71,000. Divide this by the estimated useful life of 10 years to get an annual depreciation expense of $7,100. This represents the portion of the asset's cost that is allocated as an expense for one year.

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which of the following are true? multiple select question. t-bills sometimes outperform common stocks. common stocks may experience negative returns. on average, t-bills outperform common stocks. t-bills occasionally show negative returns.

Answers

The following options are true:

B: Common stocks may experience negative returns.

D: T-bills occasionally show negative returns.

The following options are false:

A: T-bills sometimes outperform common stocks.

C: On average, T-bills outperform common stocks.

T-bills are generally considered less risky than common stocks, but they also offer lower returns on average. It is not uncommon for T-bills to underperform common stocks in certain periods, but over the long run, common stocks tend to outperform T-bills. However, both T-bills and common stocks are subject to market fluctuations and can experience negative returns in certain circumstances.

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A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is a:

Answers

The name which is given to a group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:

Cartel

According to the given question, we are asked to show the term which can be best used to describe a group of sellers who make an agreement to reduce their collective output so that price of goods would increase above their marginal costs.

As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.

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What are the 3 types of equilibrium? Find values of a and b such that the function y=sin can be expressed as y=a cos (+b) . What are examples of restrictive modifiers? A bag contains 2 red marbles, 7 blue marbles and 5 green marbles. If two marbles aredrawn out of the bag, what is the exact probability that both marbles drawn will beblue? nder a Huffman encoding ofnsymbols with frequenciesf1, f2, . . . , fn, what is the longest a codewordcould possibly be Some scientists think that Earth goes through natural cycles of warming andcooling. What is different about the current cycle of temperature change?A. It warming more slowly than previous natural cycles.B. It is cooling more slowly than previous natural cycles.C. It is cooling faster than previous natural cycles.D. It is warming faster than previous natural cycles. how many solutions does 3(x+1)=-3x+3 have one solution no solution many solutions What is the following reaction? what do we mean by clarified water Osteomalacia, a condition of soft bones, is prevalent in some countries where females must be covered from head to toe when they go outdoors. What is the cause AND effect here? Naomi plotted the graph below to show the relationship between the temperature of her city and the number of popsicles she sold daily:A scatter plot is shown with the title Naomis Popsicle Stand. The x axis is labeled High Temperature, and the y-axis is labeled Number of Popsicles Sold. Data points are located at 90 and 20, 85 and 17, 70 and 14, 75 and 20, 60 and 16, 50 and 14, 60 and 12, 40 and 10, 50 and 12, 80 and 8.Part A: In your own words, describe the relationship between the temperature of the city and the number of popsicles sold. (2 points)Part B: Describe how you can make the line of best fit. Write the approximate slope and y-intercept of the line of best fit. Show your work, including the points that you use to calculate the slope and y-intercept. Ross is studying the rate of change in the velocity of a remote controlled car. he notices that the velocity of the car is increasing at a constant rate. Which of the following is not a benefits of improved flexibility?A. it helps prevent injuriesB. It makes you muscles stronger C. It improves your range of emotions D. It helps prepare your body for workouts The two polygons are similar. Find the values of x and y. Sarah is 2 inches taller than the quotient of billys height and 5. Let b represent Billys height. write an expression that represents Sarahs height (3) Prove that if the set of vectors {V1, V2} is linearly independent, then the set of vectors {5v1 + 4v2, 6v1 + 5v2} is linearly independent. A cell requires a much higher potassium concentration inside the cell than outside the cell to function normally. What does a cell use to move potassium inside the cell to maintain homeostasis?. What is an inference that can be made about Dr. Mesmers skill? How is a true breeding yellow-seeded pea plant different from a hybrid yellow-seeded pea plant?-they have a different genotype and phenotype-they have the same genotype but different phenotypes-they have the same phenotype but different genotypes-they have the same genotype and phenotype. 1. Setup an integral(s) that gives volume of solid generated by revolving the region bounded by the graphs of y=x 2 +1,y=0,x=0,x=1 about x=2 (a) Using the Shell Method (Simplify answer in terms of ): (b) Using Washer Method (Setup integral, but do not simplify):