Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Analysis labour cost is given the details.

A labour analyst once argued:

If you worked 2,000 hours last year at a wage of $10 per hour and capable to produced 10,000 units of output, your output per hour is 5 units - total output divided by total hours worked. If you average six units an hour this year, your productivity (output per hour) has increased twenty percent. Assuming the unit price is $7.50, the same as last year, and you still get paid $10 per hour, your employer's labour cost per unit has decreased from $2 to $1.67 per unit. He gets added profits on each unit, so he can afford to share extra profits with his workers.

The analyst's assertions may be correct - but only under specific circumstances. Illustrate what are these circumstances?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917335

Have any Question? 


Related Questions in Business Economics

In 600 words conduct an environmental scan for zappos and

In 600 words, Conduct an environmental scan for Zappos and identify key trends. For each of the five environmental forces (social, economic, technological, competitive, and regulatory), identify trends likely to influenc ...

Anderson and kay are two individuals who one day discover a

Anderson and Kay are two individuals who one day discover a stream that flows wine cooler instead of water. Anderson and Kay decide to bottle the wine cooler and sell it. The marginal cost of bottling wine cooler and the ...

The first requirement is to list all of the components that

The first requirement is to list all of the components that are present in your network, to describe which components must be monitored, and to identify the security requirements of each monitored component. Your manager ...

Say an organisation is figuring out whether or not it

Say an organisation is figuring out whether or not it should go ahead with an investment project. The manager of the organisation has been told by his engineers that the project will cost $10 million and can be built str ...

Is it better to control employees access to the internet by

Is it better to control employees' access to the Internet by blocking certain sites, and monitoring employee usage of computing resources, or to measure an employee’s performance in terms of productivity? What are possib ...

If a firm grants credit with terms of 310 net 30 the

If a firm grants credit with terms of 3/10, net 30, the customer: must pay a penalty for 10% when payment is made in more than 3 days after the sale. must pay a penalty of 3% when payment is made in more than 10 days aft ...

A lottery claims its grand prize is 10 million payable over

A lottery claims its grand prize is $10 million, payable over 5 years at $2,000,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%. Need to show form ...

Assignment for this assignment provide an outline of your

Assignment: For this assignment, provide an outline of your paper On minimum Wage, and at least five sources (in APA format) that you are using. Your outline should include the five economic concepts that you will apply ...

After reading the article usa comes up a bit short in

After reading the article U.S.A comes up a bit short in global Better Life Index and comparing the relative ranking of U.S. GDP to other countries, what is the link between wealth and well-being? Do governments have a re ...

Write an arduino program for an led connected to pin 3 to

Write an Arduino program for an LED connected to pin 3 to blink 7 times with a delay of 0.75 sec, then stays off. Use the FOR loop, and an increment of one. - Include your name, date, and description of program at the to ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate