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What has increasingly replaced human and mechanical labor in production line in recent times?
computers
What has increasingly replaced human and mechanical labor in production lines in recent times?
Computers
What best describes what labor directly contributes to production A Humans create resources to aid production B Human effort and ideas drive production C Humans harne?
B. Human effort and ideas drive production
What best describes whether labor directly contributes to production Human labor A contributes efforts and ideas which drive production B has no effect on production C has minimal effect?
Resources created by humans to aid production. Human effort and ideas drive production.
How does demand of labor affect the level of production?
it affects because labor is the main factor of production so that is to say no labor no production at all
What labor union replaced the Knights of Labor?
The American Federation of Labor
What was the Production Budget for Labor Day?
The Production Budget for Labor Day was $18,000,000.
What was slave labor gradually replaced with?
it wasn't replaced
Is farm machinery replacing human labor?
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.
What is the differences between Fixed Direct labor with variable direct labor?
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.
What is the impact of changes in the marginal cost of labor on a company's overall production costs?
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.
How can one determine the marginal product of labor in a production process?
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.
