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Suppose that a firm is considering opening a plant on the moon, and the current exchange rate is 1,320 moon pieces (mp) per dollar.
Suppose that a firm is considering opening a plant on the moon, and the current exchange rate is 1,320 moon pieces (mp) per dollar. Also, the wage rate is 23,040 mp per hour. Suppose further that U.S. workers can produce 240 units per hour, while workers on the moon are expected to be able to produce 360 units per hour (the lower gravity level helps them work faster). a. The moon wage rate without considering productiviy is $ penny). b. The moon "relative" wage rate considering productivity is $ penny). /hr (round your response to the nearest The labor produtivity in the U.S. needs to be at least decimal place). /hr (round your response to the nearest c. Suppose that the U.S. wage rate is $25.00 per hour. If the U.S. managers want to become the location of choice for production, and if they cannot lower their wage rate due to labor union agreements, what does the labor productivity in the U.S. need to become? units/hr (round your response to one
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a The moon wage rate without considering productivity is given as 23040 mp per hour To convert this ...Get Instant Access to Expert-Tailored Solutions
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