Explain how advances in technology change labor productivity. Do diminishing returns arise? Provide an example of an
Question:
Explain how advances in technology change labor productivity. Do diminishing returns arise? Provide an example of an advance in technology. Use a graph of the productivity curve to illustrate your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
Advances in technology increase labor productivity Technological advances allow producers to produce ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Provide an example of an executional cost driver.
-
Provide an example of an indirect materials cost.
-
Provide an example of an indirect labor cost.
-
Explain how the structure of the balance sheet corresponds to the accounting equation.
-
A hypothetical metal has the simple cubic crystal structure shown in Figure 3.3. If its atomic weight is 74.5 g/mol and the atomic radius is 0.145 nm, compute its density?
-
A colleague has sent you an e-mail seeking your advice as he attempts to sell a new voice-mail system to a local business. Send him a return e-mail describing the various people who might influence...
-
In a chemical processing plant a liquid is pumped from an open tank, through a \(0.1-\mathrm{m}\)-diameter vertical pipe, and into another open tank as shown in Fig. P12.23(a). A valve is located in...
-
At January 1, 2016, Hilly Mountain Flagpoles had Accounts Receivable of $31,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Hilly Mountain Flagpoles recorded the...
-
On 8 February 19X8 PJ, a London trader, consigned 120 cases of goods to MB, an agent in New Zealand. The cost of the goods was 25 a case. PJ paid carriage to the port 147 and insurance 93. On 31...
-
Determine taxable income in each of the following independent cases. In all cases, the company was very profitable in all years prior to 2017 and it had retained earnings of $1,000,000 at the end of...
-
If the quantity of money is $3 trillion, real GDP is $10 trillion, the price level is 0.9, the real interest rate is 2 percent a year, and the nominal interest rate is 7 percent a year, calculate the...
-
Explain how an increase in human capital changes labor productivity. Do diminishing returns arise? Provide an example of an increase in human capital. Use a graph of the productivity curve to...
-
The REA model is based as the premise that business data must not be preformatted or artificially constrained and must reflect all relevant aspects of the underlying economic events. What does tie...
-
An ADR has been issued where each ADR equals.1111 ordinary shares of the foreign issuer. If a client wished to buy enough ADRs to cover 100 ordinary shares, how many ADRs must be purchased? A B C D 1...
-
If you were to create a free body diagram for part OAC in the figure below you would put a force at A that... 0 0 0 0 10 in A( 10 in B 10 in 10 in 100 lbf C would have force components in the...
-
Which of the following is a true statement about both the IRC 6662A and 6662(b) understatement penalties? - Both were created by congress in 2004 to fight tax abuse - it is easier to establish a...
-
3. A person hits a ball 1 m above the ground at a 35 degree angle above the horizontal. The ball has an initial velocity of 15 m/s. Determine the following: A. The time it takes before the ball hits...
-
In the figure below what is/are the force and/or moment in the middle of member BC? 100 lbf - 6 in- Fy = 10 in lb Fy = 33.3 lb Fy= 100 lb Fx= 50 lb My= 600 inlb Fy = 10 N, Fx= 250 N --A -12 in C B 12...
-
If it takes 436 kJ to break a bond, how many kilo-joules are released when the same bond is formed?
-
Without solving, determine the character of the solutions of each equation in the complex number system. 3x 2 3x + 4 = 0
-
A survey found that when incomes increased by 10 percent, the following changes in the quantities demanded occurred: spring water up by 5 percent; sports drinks down by 2 percent; cruises up by 15...
-
A survey found that when incomes increased by 10 percent, the following changes in the quantities demanded occurred: spring water up by 5 percent; sports drinks down by 2 percent; cruises up by 15...
-
A survey found that when incomes increased by 10 percent, the following changes in the quantities demanded occurred: spring water up by 5 percent; sports drinks down by 2 percent; cruises up by 15...
-
explain and comments thies pints Has existed for a long time One of the original fast-food establishments High standing Commonly recognized for its root beer. With high-quality cuisine Markets to...
-
12 Stiler XYZ currently has an enterprise value of $600 million, 20 million shares outstanding, $200 million in excess cash and no debt. Assuming XYZ uses its excess cash to repurchase shares, and...
-
Explain a summary of the news story in the link below. Your summary should include at least 3 of the marketing concepts learned to date in this course. Be sure to include an accurate, succinct...
Study smarter with the SolutionInn App