Define/Describe 1. Effective labor and labor augmenting technology

Question

Question

Define/Describe

1. Effective labor and labor augmenting technology

Answer 1

Answer #1

Effective labor rate is a calculation that shows what a shop mater as profit per billed hour-total labor sales divi- aged by

Answer 2

Similar Homework Help Questions

In the Solow growth model with population growth of 5 percent and a labor augmenting technological...

In the Solow growth model with population growth of 5 percent and a labor augmenting technological progress of 3 percent, the economy's: A. number of workers grow at 5 percent while the number of effective workers grow at 3%. B. number of workers grow at 3 percent while the number of effective workers grow at 8 percent. C. number of workers grow at 5 percent while the number of effective workers grow at 2 percent. D. number of workers grow...
1. Define communication. 2. Describe the barriers to effective communication. Describe the communication skills needed at...

1. Define communication. 2. Describe the barriers to effective communication. Describe the communication skills needed at the six levels of leadership 3. 4. Explain the stages of expatriation. 5. Explain the value of the Hofstede cultural model.
Using a Lewis labor surplus framework show graphically and explain how an increase in capital-augmenting agricultural...

Using a Lewis labor surplus framework show graphically and explain how an increase in capital-augmenting agricultural (traditional sector) technology affects a country’s ability to achieve self-sustaining growth that is driven by modern sector capital accumulation. Please answer the question as stated, talking about self sustaining growth. There is no need to explain what the Lewis theory is in detail. Just answer the question please

Name and define the three capabilities used to describe distributed technology and databases. What is the...

Name and define the three capabilities used to describe distributed technology and databases. What is the difference between replication and propagation? What issues and constructs can cause data integrity problems after a LOAD?
Define labor productivity. Discuss the relationship between labor productivity, human capital growth, and technology change. Explain...

Define labor productivity. Discuss the relationship between labor productivity, human capital growth, and technology change. Explain thoroughly with words + graph. Explain also the graph and how its components interact. Can you show me how to do this and explain it for me please, thank you so much
3) Consider the Solow model with population growth and labor-augmenting technological progress. Suppose that the aggregate...

3) Consider the Solow model with population growth and labor-augmenting technological progress. Suppose that the aggregate production function is Cobb- Douglas, i.e. Y = AK"(E · L)1-a, where A is a constant, while E denotes technological progress and grows at rate g. Labor grows at an exogenous rate n, and capital depreciates at rate d. As usual, people consume a fraction (1 – s) of their income. a. Use a graph similar to what we have seen in class to...

define the concept of emotional labor. describe, explain and discuss perspectives on emotional labor in general...

define the concept of emotional labor. describe, explain and discuss perspectives on emotional labor in general as well as in different workplace settings. Explain in 250 words 1. Create your own working definition of emotional labor. Your definition should include likely effects of emotional labor, such as fatigue, workplace stress, anxiety, and alienation. explain in about 250 words.
Use a Solow growth model to show the impact of a decrease in labor augmenting technological...

Use a Solow growth model to show the impact of a decrease in labor augmenting technological progress E on the levels of k, y, c, and i. (show this using a graph, no explanation is required label you graph). a) What is the impact on the steady state levels of total income Y, total consumption C, and total investment I? b) What is the impact of on the steady-state growth rate of y, c, k, Y, K and C?
Use a Solow growth model to show the impact of a decrease in labor augmenting technological...

Use a Solow growth model to show the impact of a decrease in labor augmenting technological progress E on the levels of k, y, c, and i. (show this using a graph, no explanation is required label you graph). a) What is the impact on the steady state levels of total income Y, total consumption C, and total investment I? b) What is the impact of on the steady-state growth rate of y, c, k, Y, K and C?

An economy produces with the production technology Y = F(K, EL) = K^1/3 (EL)^2/3, where E...

An economy produces with the production technology Y = F(K, EL) = K^1/3 (EL)^2/3, where E is a labor-augmenting technology. Population grows at 2% per year and E grows at 3% per year. The depreciation rate is 5% and the saving rate is 40%. The economy is in steady state. a. What is the growth rate of each of the following: K/EL, Y/EL, EL, Y, Y/L, K/Y, C b. At what rate do wages and the capital rental rate grow?...