computers
computers
Computers
B. Human effort and ideas drive production
Resources created by humans to aid production. Human effort and ideas drive production.
it affects because labor is the main factor of production so that is to say no labor no production at all
The American Federation of Labor
The Production Budget for Labor Day was $18,000,000.
it wasn't replaced
To some extent, farm machinery already has replaced human labor on farms. There is no longer a need for humans to plow or harvest most crops for instance. However, there are still many jobs that have not been replaced and likely won't be in the near future.
Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.
Changes in the marginal cost of labor can significantly impact a company's overall production costs. When the marginal cost of labor increases, it can lead to higher production costs for the company as they have to spend more on labor. Conversely, if the marginal cost of labor decreases, the company's production costs may decrease as well. This relationship between labor costs and production costs is crucial for companies to consider when making decisions about their workforce and production processes.
To determine the marginal product of labor in a production process, you can calculate the change in output when one additional unit of labor is added. This can be done by dividing the change in output by the change in labor input. The marginal product of labor helps to understand how efficiently labor is contributing to the overall production.