Explain how the specialization of labor can lead to increased productivity.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
People are assigned various tasks according to thei...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Microeconomics A Contemporary Introduction
ISBN: 978-1111415921
9th edition
Authors: William A. McEachern
Question Posted:
Students also viewed these Economics questions
-
Adam Smith stated the specialization of labor was limited by the extent of the market and that transportation helps to expand the market. Explain this statement.
-
The economist Arthur Laffer has long argued that lower tax rates, by stimulating employment and investment, can lead to increased tax revenue to the government. If this prediction is correct, a tax...
-
List and explain the five steps of performance appraisals and state how performance appraisals can lead to increased performance.
-
Evaluate the limit of the sequence or state that it does not exist. an || u8 n!
-
Construct a contingency table using cola preference (Rola or Koka) as the row variable and the number of 12- packs consumed in a typical month ( categories 0 through 5, 6 through 10, and more than...
-
The accompanying diagram shows how ÎG for a hypothetical reaction changes as temperature changes. (a) At what temperature is the system at equilibrium? (b) In what temperature range is the...
-
Consider the house price data in Table B.4. a. Fit a multiple regression model relating selling price to all nine regressors. b. Test for significance of regression. What conclusions can you draw? c....
-
Using supply-and-demand diagrams, illustrate and explain the effect of an outward shift in the demand curve on price and quantity if a. The supply curve is horizontal. b. The supply curve is...
-
Briefly describe (a) a common criticism of utilitarianism, and (b) a possible response to that criticism, defending utilitarianism. Which side (the critic or the defender) do you think has the...
-
The Jogger Shoe Company is trying to decide whether to make a change in its most popular brand of running shoes. T he new style would cost the same to produce and be priced the same, but it would...
-
You should never buy precooked frozen foods because the price you pay includes the labor costs of preparing the food. Is this conclusion always valid, or can it be invalidated by the law of...
-
Under what conditions is it possible to increase production of one good without decreasing production of another good?
-
Standard C++ provides a pointer-to-member mechanism for classes: Pointers to members are also permitted for subroutine members (methods), including virtual methods. How would you implement pointers...
-
Which of the following best describes the approach that was used in the first gene therapy trial for treating SCID? a. The normal ADA gene was introduced by injecting liposomes directly into the...
-
Which of the following would not be consistent with the idea that a disorder has a genetic component? a. The disorder is more likely to occur among an affected persons relatives than in the general...
-
During the molecular process of homologous recombination between homologous chromosomes, a. a Holliday junction forms. b. branch migration occurs. c. a heteroduplex region forms. d. all of the above...
-
Which of the following mechanisms can result in gene conversion? a. DNA mismatch repair b. DNA gap repair c. Resolution of a Holliday junction d. Both a and b can result in gene conversion.
-
R esearchers can introduce loss-of-function mutations into genes using the CRISPR/Cas technology described in Chapter 20. If you used this technology to produce a homozygous loss-of-function mutation...
-
How can you sometimes evaluate indefinite integrals by substitution? Give examples.
-
Refrigerant-134a enters an adiabatic compressor as saturated vapor at 120 kPa at a rate of 0.3 m3/min and exits at 1-MPa pressure. If the isentropic efficiency of the compressor is 80 percent,...
-
Determine whether each of the following statements is normative or positive: a. The U.S. unemployment rate was below 10.0 percent in 2010. b. The inflation rate in the United States is too high. c....
-
What good is economic theory if it cant predict the behavior of a specific individual?
-
Discuss the impact of rational self-interest on each of the following decisions: a. Whether to attend college full time or enter the workforce full time b. Whether to buy a new textbook or a used one...
-
. Assume that over the past 88 years, U.S. Treasury bills had an average return of 3.5% as compared to 6.1% on long-term government bonds. What was the average risk premium on the long-term...
-
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 18,050 Balance per company records 10,040 Bank service charges 50 Deposit in transit...
-
4 Smallman's Garage uses standards to plan and control labor time and expense. The standard time for an engine tune-up is 3.75 hours. and the standard labor rate is $15 per hour. Last week, 26...
Study smarter with the SolutionInn App