What is the relative wage rate of operating

Assignment Help Operation Management

Reference no: EM13855495

Suppose that a firm is considering opening a plant in China, and the current exchange rate is 5.25 Chinese Yuan (CNY) per dollar. Also, the Chinese wage rate is 6.3 CNY per hour. Suppose further that U.S. workers can produce 4 units per hour, while workers in China are expected to be able to produce 3 units per hour. After factoring in productivity differences, what is the “relative” wage rate (in dollars, rounded to the nearest penny) of operating in China?

Reference no: EM13855495

Questions Cloud

What is the further impact on factor prices and production : What is the further impact on factor prices, production, consumption, and trade if returns to capital in the clothing sector adjust to a given world rate of return via changes in the quantity of capital (FDI) foreigners wish to place in the protec..

Statement is defamatory : James tells his Acme Company coworkers that Fiona, Acme’s office manager, is stealing from their employer. The statement is defamatory only if

In order for organizations ethics policies : In order for an organization’s Ethics Policies to be successful and have the greatest impact on all employees they must be enforced:

Constitution protects individuals right of free speech : The Bill of Rights of the U.S. Constitution protects an individual's right of free speech against infringement by:

What is the relative wage rate of operating : Suppose that a firm is considering opening a plant in China, and the current exchange rate is 5.25 Chinese Yuan (CNY) per dollar. Also, the Chinese wage rate is 6.3 CNY per hour. Suppose further that U.S. workers can produce 4 units per hour, while w..

Communicate strategy for unleashing the firms creativity : Company NewCo has hired you to advise its senior management on how to communicate a strategy for unleashing the firm’s creativity. You have eight weeks to put your recommendations together, which will be on the agenda of the company’s next Leadership..

What leadership skills did you are draw on : What leadership skills did you're draw on? Based on this experience and your knowledge of diversity-conscious leadership, what skills do you need to improve? Explain.

How do system operational requirements influence the product : How do system operational requirements influence the product/process maintenance concept (if at all)? What is SMART? How is it useful in establishing “good” requirements?

The real limitless drug isnt just for lifehackers anymore : Article summary- for Phyllis Young only. Article - The Real Limitless Drug Isn't Just for Lifehackers Anymore by Robert Kolker, purpose of the article

User Account

All Pages