Question
Can I please have help and an explanation about how to answer the following?: Suppose a company incurs the following costs: labor, $12,000; equipment, $4,000;
Can I please have help and an explanation about how to answer the following?:
- Suppose a company incurs the following costs: labor, $12,000; equipment, $4,000; and materials, $6,500.The company owns the building, so it doesn't have to pay the usual $2,300 in rent.
a. What is the total accounting cost?
b.What is the total economic cost?
c. If the company sold the building and then leased it back, what would be the change in accounting cost
d. If the company sold the building and then leased it back, what would be the change in economic costs
2 ) Suppose the hourly wage rate is $20 in France and $4 in India, and productivity is 18 units per hour in Franceand 4 units per hour in India.
a. What are per unit labor costs in France?
b. What are per unit labor costs in India?
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Principles Of Microeconomics
Authors: N Gregory Mankiw
9th Edition
035713348X, 9780357133484
