Can we say that the plant in country b is more efficient

Assignment Help Business Economics

Reference no: EM13147707

Consider two steel plants in two different countries. The plant in country A employs ten men for every ton of steel it produces, while the plant in country B employs only one man per ton of steel. Can we say that the plant in country b is more efficient than the plant in country A? Discuss in terms of both technology and economic efficiency.

Reference no: EM13147707

Questions Cloud

Problem related to shares of stock outstanding : Hawk Corporation has 300 shares of stock outstanding: Marina owns 60 shares, Kent owns 90 shares, and Tom owns 75 shares. Blackbird Partnership owns the remaining 75 shares of stock in Hawk Corporation.

Cottonwood and which a juniper? why? : Which of these might be a cottonwood and which a juniper? Why?

Explain his theory in terms of diminishing returns to labor : In the 1790 Thomas Malthus predicted mass starvation because he believed population would always grow faster than out ability to increase agricultural production. Explain his theory in terms of diminishing returns to labor in the short run.

What was the final temperature of the gold : A 4.80 g nugget of pure gold absorbed 276 J of heat. What was the final temperature of the gold if the initial temperature was 26.0°C?

Can we say that the plant in country b is more efficient : Can we say that the plant in country b is more efficient than the plant in country A? Discuss in terms of both technology and economic efficiency.

Conclude that less employees are not able to pass drug test : Would it be reasonable to conclude that less than 5 percent of the employees are not able to pass the random drug test?

Product cost per meal under absorption : Total fixed manufacturing costs were $1,400 and total fixed marketing and administrative costs were $1,200. What is the product cost per meal under absorption and under variable costing?

How much ice in grams would have to melt : How much ice in grams would have to melt to lower the temperature of 358 g of water from 40 degrees to 0 degrees? (Assume that the density of water is 1.0 (g/ml)

Environmental ethics be a part of environmental science : How do these ethics influence they way we perceive environmental issues? Why should/ or should not environmental ethics be a part of environmental science?

User Account

All Pages