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: 82% (17 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?
-
As the new accountant for Carly's Pet Express Inc., a line of pet boutiques, you are developing the financial statement disclosures for the 2014 financial statement note on income taxes. The company...
-
A cost pool is a group of costs that is physically traced to the appropriate cost object. Do you agree? Explain.
-
A business executive is offered a management job at Generous Electric Company, which offers him a 5-year contract that calls for a salary of $62,000 per year, plus 600 shares of GE stock at the end...
-
Find the and dz 02 342 + 0+z-mz+1 +C +C -2+ln
-
A regional planner is studying the demographics in a region of a particular state. She has gathered the following data on nine counties. a. Is there a linear relationship between the median income...
-
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...
-
Suppose that the function Ψ= Aear2 with A being the normalization constant and a being an adjustable parameter, is used as a trial wave function for the is orbital of the hydrogen atom. The...
-
On January 1 , year 1 , firm ABC bought 2 5 % of the outstanding common stock of FXC for $ 3 0 4 , 0 0 0 cash. At the date of acquisition of the stock, FXC ' s net assets had a fair value of $ 9 2 0...
-
Taxation case study on BEPS. The information provided below is a Counter Argument on How BEPS Should Help Countries with Lower Tax Rates and how will it benefit tax havens. Can you expand more on...
-
Assuming Jay and JoAnn have this same business that they run as a regular corporation, prepare their joint Federal income tax return for 2 0 1 6 . They each received a W - 2 from the business which...
-
(a) What is the coefficient of kinetic friction between the crate and the floor? (Enter your answer to at least three decimal places.) (b) If the 390-N force is instead pulling the block at an angle...
-
On April 1 , 2 0 2 2 , PT Megapro leased a heavy equipment to PT Wahana. The fair value of the machine is Rp 3 6 5 , 7 6 0 , 0 0 0 and is estimated to have a residual value of Rp 2 5 , 0 0 0 , 0 0 0...
-
On January 1, 2021, Corvallis Carnivals borrows $30,000 to purchase a delivery truck by agreeing to a 5%, five-year loan with the bank. Payments of $566.14 are due at the end of each month, with the...
-
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...
-
In the current tax year a taxpayer paid $6,000 to replace all 16 windows in their existing home to windows that are designed to reduce heat loss or gain. How much of the Residential Energy Home...
-
What is a good way to improve efficiency and accuracy in the registration process? a. Email audit results to staff members with instructions to improve. Training takes up too much time. b. Scan a...
-
Should Burton pursue both the thermowell machine purchase and the EE acquisition? Why or why not
Study smarter with the SolutionInn App