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What is the fundamental invention underpinning the recent rise int he average rate of productivity growth?
AAAJS2001
MicroChip
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∙ 12y ago
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What would happen to marginal and average productivity if a technological innovation were introduced to the production process?
Marginal and Average productivity increases when technological innovations are introduced into production process.
What are the determinants of average labor productivity?
Land natural resources
Relationship between marginal and average productivity?
Average and marginal productivity are analytical tools used to measure the output of labor in order to evaluate current production ability and improve future capacity. Average productivity is the total production involved in a process divided by the number of variable unit inputs employed. It is what each employee produces. Marginal productivity is the increase in the rate of output created by adding one more unit of the input while maintaining the same constant inputs.
Why does the marginal cost curve cut through the average variable cost curve exactly at the minimum of the average variable cost curve?
Marginal cost curve cuts average cost (variable or total cost) at its minimum simply to portray the law of variable proportions. The idea is as labor is increased with capital being fixed, productivity increases upto a point and then decreases and later becomes negative. To relate the same productivity with average cost function, the average cost first decreases , reaches a minimum and then increases. Now marginal cost is just a change in the total cost. Logic says that when MC is less than AC productivity is favourable, thus cost is falling. When MC is more than AC productivity is not favourable and thus the rising portion of the cost curve. When MC = AC , the productivity that was reducing the average cost per unit has maximized and from then on starts rising cost(or decreasing productivity). That is the only point where they can intersect.
What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
In tiwl In tiwl
What would happen to marginal and average productivity if a technological innovation were introduced to the production process?
Marginal and Average productivity increases when technological innovations are introduced into production process.
What are the determinants of average labor productivity?
Land natural resources
Average level of output per worker per hours?
productivity
The average level of output per worker per hour?
Productivity
Relationship between marginal and average productivity?
Average and marginal productivity are analytical tools used to measure the output of labor in order to evaluate current production ability and improve future capacity. Average productivity is the total production involved in a process divided by the number of variable unit inputs employed. It is what each employee produces. Marginal productivity is the increase in the rate of output created by adding one more unit of the input while maintaining the same constant inputs.
What is the Productivity impact and decline of natural resources?
Productivity is the average amount of produce per unit area.Data on input per unit area,energy consumption,cost per unit area,etc.are used to calculate productivity.
Why does the marginal cost curve cut through the average variable cost curve exactly at the minimum of the average variable cost curve?
Marginal cost curve cuts average cost (variable or total cost) at its minimum simply to portray the law of variable proportions. The idea is as labor is increased with capital being fixed, productivity increases upto a point and then decreases and later becomes negative. To relate the same productivity with average cost function, the average cost first decreases , reaches a minimum and then increases. Now marginal cost is just a change in the total cost. Logic says that when MC is less than AC productivity is favourable, thus cost is falling. When MC is more than AC productivity is not favourable and thus the rising portion of the cost curve. When MC = AC , the productivity that was reducing the average cost per unit has maximized and from then on starts rising cost(or decreasing productivity). That is the only point where they can intersect.
What is average productivity?
it refers to the product per unit of the variable factor. Mathematically AP=TP/Q and i have no idea what im talking about! soo lol hahahahahahahahah! idk! dont use wiki answer its not very good! thanks!
What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
In tiwl In tiwl
How much money does an average tool invention make?
That depends on how useful it is and how popular, so there is no fixed answer to that
What is the average installation price per sq ft of fiberglass insulation?
As of 2014, the average installation price per sq ft of fiberglass insulation is $0.76. This is based on labor productivity rates and national average hourly labor wages.
Which fundamental quantity does the average person measure most often everyday?
Electric charge. Boogie woogie boogie.
