New manufacturing technologies are often viewed as labor saving in nature. Using a production-possibilities frontier with manufactured
Question:
New manufacturing technologies are often viewed as labor saving in nature. Using a production-possibilities frontier with manufactured goods on one axis and (laborintensive) services on the other axis illustrate and explain how the introduction of labor-saving innovations in manufacturing would shift the PPF. What type of production effect would occur at constant world prices (with the country being assumed to be an exporter of manufactured goods)?
Fantastic news! We've Found the answer you've been seeking!
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!