Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Total Labour Total Investment Efficiency cost ( in shipping (in million (unit/workers/ Hourly- million cost(million Total Country dollars) hour) wages dollars) dollars) expenditure Israel 2

image text in transcribed
image text in transcribed
Total Labour Total Investment Efficiency cost ( in shipping (in million (unit/workers/ Hourly- million cost(million Total Country dollars) hour) wages dollars) dollars) expenditure Israel 2 10 10.78 2.695 2.39375 7.08875 Jordan 4.5 8 1.05 0.459375 3.35125 8.310625 Singapore 6 8 9.19 3.44625 2.01 11.45625 China 6.5 7 0.5 0.2857142857 2.68 9.465714286 Efficiency = Total no of units produced a year (capacity) 1) (Total no of worker * total working time in a year) Total Labour Cost = Total no of worker * Capacity ------2) Efficiency Total Expenditure= Total Labour cost + Total Shipping cost + Total investment cost ------3)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Macroeconomics

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

12th edition

ISBN: 134078802, 978-0134078809

More Books

Students also viewed these Economics questions

Question

Describe the difference between assertive and aggressive service.

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago