Compare the following factors of production in terms of their rivalry and excludability: a) A robot that

Question:

Compare the following factors of production in terms of their rivalry and excludability:

a) A robot that welds car frames and the idea of building a car in an assembly line

b) A recipe to make pancakes and the recipe to manufacture a soda drink

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

See More Books

Question Posted: Feb 17, 2024 11:00 PM

See More Questions

The frame- welding department of a large automotive company welds car frames as they pass down the assembly line. Four computer- controlled robots make the welds on each frame simultaneously. When...
The chapter states that households own all the factors of production in the economy and receive income from them. Explain why this is true.
Introduction In 2010, New United Motor Manufacturing, Inc., a unique and highly successful joint venture between Americas General Motors and Japans Toyota, went out of business. NUMMI, as the...
Palmer Cheese Company is a small manufacturer of several different cheese products. One product is a cheese spread sold to retail outlets. Susan Palmer must decide how many cases of cheese spread to...
Wanda Collier worked for Turner Industries Group, LLC, in the maintenance department. She complained to her supervisor that Jack Daniell, the head of the department, treated her unfairly. Her...
Use the graphs of the level curves (c-values evenly spaced) of the function to write a description of a possible graph of . Is the graph of unique? Explain. y X
Describe the consultative role of the ethics committee when addressing ethical dilemmas.
The College Board provided comparisons of Scholastic Aptitude Test (SAT) scores based on the highest level of education attained by the test takers parents. A research hypothesis was that students...
Lagoon Plc's Directors are planning to instigate the removal of its auditors, KPNG due to their inability to deliver "quality audit works". However, the Audit Manager has insisted that this move by...
The U.S. government has provided billions of dollars for broadband Internet access nationwide, including grants for rural broadband access, expansion of computer center capacity, and sustainable...
What is the impact of an increase in saving in the Romer model?
Eva Stone's luxurious home in Georgetown, a neighborhood in Washington, DC, was recently gutted in a fire. Her living and dining rooms were destroyed completely, and the damaged personal property had...
How does the concept of organizational citizenship behavior enhance or impede organizational performance? Explain
DESCRIBE ALAN BINDER'S OFFSHORABILITY INDEX MENTIONED IN THE ARTICVLE HOW MANY US JOBS MIGHT BE OFFSHOREABLE? HOW DIOES BINDER SEPARATRE JOBS FINTO OFFSHORABLE AND NON-OFFSHORABLE CATEEGORIES? DO YOU...
discuss in details the impact of teleworking on organizational commitment and employee work-life balance?
Why do taxpayers have to lodge a tax return? What is a BAS? How is it different to an income tax return? (b) What is an income tax assessment? What is the Commissioner required to do when making an...
Discussion Board Topic #1, Self-Introduction Introduction: As your first discussion board forum (or topic post), you will provide information about you to your classmates. Your self-introduction...
What is synergy? What are some factors that might lead to synergy? How is the amount of synergy in a proposed merger measured, and how is it allocated between the two firms stockholder? Would the...
d) For die casting processes: 1. What are the most common metals processed using die casting and discuss why other metals are not commonly die casted? 2. Which die casting machines usually have a...
If a yield curve looks like the one shown here, what is the market predicting about the movement of future short-term interest rates? What might the yield curve indicate about the markets predictions...
If a yield curve looks like the one below, what is the market predicting about the movement of future short-term interest rates? What might the yield curve indicate about the markets predictions...
Predict what will happen to interest rates on a corporations bonds if the federal government guarantees today that it will pay creditors if the corporation goes bankrupt in the future. What will...
What is your understanding of Big Data? How do you believe it would impact your current organization?
Find an example of DIKW model from any existing article retrieved through Web Search. Understand the example and the reasoning to explain each layer of DIKW. Elaborate on this instance of DIKW...
What is the total amount of M112 (in 1.25 lb. packages) needed to breach a 6-foot thick first class masonry wall utilizing a ground placed untamped charge

Compare the following factors of production in terms of their rivalry and excludability: a) A robot that

Question:

Step by Step Answer:

To compare the factors of production in terms of rivalry and excludability lets examine each pair a ...View the full answer

Macroeconomics Policy And Practice

Students also viewed these Business questions