3) Production

Please read the article titled What clever robots mean for jobs

1. The article motivates the idea that technology is capable of replacing human workers. Assuming that these changes are motivated by a resultant minimizing of costs, how were they able to do this? (Please use graphs to support your answer).

2. What does the article imply about technology replacing human workers? (Please use/cite facts from the article to support your answer.) What do you think?

4) Costs

Please read the article entitled The big, the bad, and the beautiful and answer the following question. According to the article, what is scale economies? (Please use graphs to support your answer).