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I would greatly appreciate if I could get help
. . I would greatly appreciate if I could get help The following table gives different...
. . I would greatly appreciate if I could get help In the following diagram you are given two technologies, A and B, which can produce 100 meters of cloth. Technology A uses 1 worker and 4 tonnes of coal, while technology B uses 4 workers and2 tonnes of coal. The diagram also depicts three examples of isocost curves, NM, GF and JH. The wage and the price of coal are denoted by w and p, respectively. 10 1 2...
I got the first question answered but I can't seem to get an answer for the second image. (the second image is based off the first image). In the following diagram you are given two technologies, A and B, which can produce 100 meters of cloth. Technology A uses 1 worker and 4 tonnes of coal, while technology B uses 4 workers and 2 tonnes of coal. The diagram also depicts three examples of isocost curves, NM, GF and JH....
1.1 Technological Revolution. Consider two technologies for producing 100 meters of cloth, C and D, as shown by the table below. The cost of each method depends on the prices of labor and coal. Number of Technology workers Tons of Coal Total Cost P1 P2 Under the set of prices in the first period (P1), the daily wage is £10 and the price of a ton of coal is £20. Under the set of prices in the second period (P2),...
Suppose there are 5 different ways to produce 100 square yards of cloth, using labor (measured as the number of workers) and energy (measured as tons of coal): Technology for producing 1002 yards of cloth | # of workers tons of coal (T) 9 8 6 10 a) Draw a graph to represent these five technologies. Put tons of coal on the vertical axis and numbers workers on the horizontal axis. b) Which technologies would never be used by profit...
14. See the following figure: 10 N 9 8 G 7 A Tonnes of coal Cost = $50 3 B 2 Cost = $80 1 Cost-$40 F M H 1 2 3 4 5 6 7 8 9 10 Number of workers Figure 2. From the Figure 2 above, what can we conclude? Pick among four choices that you think are correct. a. Technology B is more energy-intensive than technology A. b. Technology B dominates technology A. c. Technology A...
What economic concept would be most closely associated with a situation where an aluminum plant expands its operations and uses extensive computerization in the production line to reduce per-unit costs of production? Multiple Choice Infrastructure O network effects O human capital O O economies of scale < Prev 30 of 50 !!! Next > We were unable to transcribe this imagevalable until you sign in The annual growth of U.S. Iabor productivity Multiple Choice was greater between 1995 and 2010...
pls answer all. i will like and thumbs up While economists measure unemployment at the macroeconomic level, microeconomic forces are often responsible for this macro aggregate. In other words, the tie between microeconomics and macroeconomics is inevitable when discussing the level of unemployment in an economy. Suppose the following graph represents the market for unskilled labor in a fictional economy. These workers typically represent the young, inexperienced, or uneducated part of the labor force and are therefore most effected by...
Can I get help with this queshtion. Heres the article i was not sure in what category they will have to be in. This was the only way to post it and it starts where it says THE QUESHTION STARTS FROM HERE. The Economics of Immigration Paul Krugman In 1970, only 5% of U.S. workers had been born abroad. By 2016, however, 17% of American workers had immigrated to the United States, both legally and illegally. (1) Figure 1: Percentage...
SECTION# NAME PRINT LAST NAME, FIRST NAME Suppose 9 workers can repair 36 television sets per day. If a tenth worker is hired and the each worker repairs, on average, 4 T.V. sets per day when nine workers are hired average product must be rising because the marginal product of the tenth worker 6. total number of repaired T.V. sets increases to 39, then: a. the marginal product of the tenth worker is 3.9 T.V, sets b. is greater than...
Gopher Excavators produces shovels in a small factory and sells the shovels in a competitive market. The following table shows the company's production function: Labor (Number of workers) 0 Output (Shovels) 0 90 2. 175 3 245 4 300 325 S Use the blue points (circle symbol) to plot the production function for Gopher Excavators on the following graph. . Use the blue points (circle symbol) to plot the production function for Gopher Excavators on the following graph. 400 350...