What is the relative wage rate of operating zooland

Assignment Help Operation Management

Reference no: EM1386442

Suppose your firm is considering opening a plant in Zooland, the current exchange rate is $1 per 212 Tigers. The wage rate in Zooland is 1200 Tigers per hour. You know that in the U.S., workers can produce 120 units per hour, and you have been told that in Zooland, the workers produce 40 units per hour.

What is the "relative" wage rate (in $) of operating Zooland, after taking productivity differences into account?

Reference no: EM1386442

Questions Cloud

Philosophy behind the two : Critically discuss the philosophy behind the two? What are three principal issues for this subject? Who are three philosophers mentioned in this subject.

Determining pivotal quantity and its distribution : Consider a random sample of size n from an exponential distribution, Xi ~ EXP(1,eta). a) Show that Q = X1:n - eta is a pivotal quantity and find its distribution.

Illustrate out the term beauty : Illustrate out the term beauty? When one examines this question from the alternate view points of a spectator versus a producer of art, one arrives at distinct answers.

Determine the cartesian product of sets : Determine the Cartesian product (A X B) of the given pair of sets. A => Set of first letter of names of countries = A = { R, S, T } B => Set of numbers denoting Postal codes = B = { 0001, 1001}.

What is the relative wage rate of operating zooland : What is the "relative" wage rate (in $) of operating Zooland, after taking productivity differences into account?

Cell membrane controls the expression of genes : Traditionally, it was thought that nucleus was the control center of the cell. Recent discoveries though, indicate that the nucleus in eukaryotes is merely a repository of genetic data.

One-sided lower confidence limit for theta : Let x1, ..., xn be a random sample from an exponential distribution, X ~ EXP(theta) a) If x(bar) = 17.9 with n = 50, then find a one-sided lower 95% confidence limit for theta.

How is the word myth used popularly : How is the word myth used popularly? For example, what does the statement, "It's a myth" mean? In contrast, how is the word myth used in the academic context? After considering the definition in your textbooks and course materials, write a definit..

Consider a gizmo with a reliability : On each part, a backup can be installed for $30, and has a reliability of 50%. Should the company install the backup?

User Account

All Pages