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NO,basically automation helps to decreses the cost of production.by the help of automation ,large number of units are produced with very little amount of time with higher accuracy.if large number of units produced,slowly slowly cost decreses.But initially,may be the cost of unit was high because of huge infrastructure cost but day by day,it decreses as some costs are fixed cost .so more often cost of production directly affected by varriable cost.So finally,i want to conclude that,industrial automation helps to decrese the cost of production secondarily,but at primary stage,cost of production increses by automation due to huge initial investment.
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How can company increase revenue?
Reduce cost production
What is the relationship between production and cost?
The relationship between production and cost in any manufacturing process varies based on volume produced and whether any part of the manufacturing process is outsourced or performed by subcontractors. Additionally, production and cost ratios vary based on the amount of automation involved in production and the amount of human oversight and involvement required.
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
For the majority of companies the most common increase in the cost of production results from rising for the?
wages
Why a producer would continue to increase output even though the marginal cost?
...of production may be rising? Answer: Because of increase in demand.
How can company increase revenue?
Reduce cost production
Describe a situation where fixed automation is preferred over programmable automation?
fixed if for mass production while programmable is for batch production
What is future of automation technology?
Automation technology will still be effective in the production of cameras and vision systems.
How cost of production can be reduce through effective and optimal design?
Weight loss. Recycled materials. Energy consumption. Manufacturing automation. Updated.
How do you calculate unit cost as you increase production?
Increase in cost: take the first derivative with respect to the unit produced of a cost function. Total cost: sub-in the new quantity into the cost function.
To cut costs and increase output a new process was established. What was this process in manufacturing called?
To cut costs and increase output a new manufacturing process called automation was created. With automation came lower labor cost, increased productivity, and improved quality.
What is the relationship between production and cost?
The relationship between production and cost in any manufacturing process varies based on volume produced and whether any part of the manufacturing process is outsourced or performed by subcontractors. Additionally, production and cost ratios vary based on the amount of automation involved in production and the amount of human oversight and involvement required.
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
What is maginal cost?
Marginal cost is the increase or decrease in the total cost of a production run for making one additional unit of an item.
What is the importance of production management in business?
we can say production management is the life blood of any business,through the production business can increase its profitability and minimize its cost of production.
What is the plural of automation?
The plural of automation is automations. As in "the automations reduce the cost of human labour".
For the majority of companies the most common increase in the cost of production results from rising for the?
wages
