A manufacturing company is considering two alternative locations for a new facility.The fixed and variable costs for the two locations are found in the table below.For which volume of business would the two locations be equally attractive? If the company plans on producing 50,000 units,which location would be more attractive?
Definitions:
Labor Hours
A measure of the amount of work effort, in hours, performed by employees within a specific time period.
Normative View
An opinion or viewpoint based on what is considered to be ideal or how things should be rather than on empirical evidence.
Federal Minimum Wage
The lowest legal hourly wage that employers can pay their workers, as mandated by federal law.
Opportunity Cost
When deciding, the toll of not considering the next most beneficial alternative.
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