Question

Assume that General Electric is trying to decide whether to locate a new production facility in the United States or in Japan. In order to help make its decision, the company wants to compare labor costs in the two countries. The average hourly wage in the United States is approximately $12 per hour. The U.S. exchange rate with Japan is 240.0 yen per dollar. Convert the average U.S. hourly wage into units of yen per hour.

Answer 1

Instructions are listed below.

Step-by-step explanation:

Giving the following information:

The average hourly wage in the United States is approximately $12 per hour. The U.S. exchange rate with Japan is 240.0 yen per dollar.

The hourly rate in Japan is:

Hourly rate= 12* 240= 2,880 yen an hour.