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What is meant by labaur productivity and show how change in labor productivity may affect on economy production possibility curve?

When productivity changes, it affects the productive capacity of an economy. Labour, as an input in production, helps to determine total output produced. When labour productivity falls,that is ouput per labour per decreases goods then total production falls. The PPP (also known as the PPF) moves inward to represent the fewer production choices available. When labour productivity increases, the curve shifts outward to represents increased production and production choices.


How does productivity lead to a sudden change in economic output. Explain?

Productivity increases can lead to a sudden change in economic output by allowing businesses to produce more goods or services with the same or fewer resources. This efficiency often results from technological advancements, better management practices, or improved worker skills. As productivity rises, companies can lower prices, increase profits, and reinvest in growth, stimulating demand and overall economic activity. Consequently, a surge in productivity can lead to rapid economic expansion, creating a positive feedback loop.


How can one determine how to get the marginal revenue for a business?

To determine the marginal revenue for a business, you can calculate the change in total revenue when one additional unit of a product is sold. This can be done by finding the derivative of the revenue function with respect to the quantity of products sold. The marginal revenue is the additional revenue generated from selling one more unit of a product.


How can one determine the marginal propensity to consume?

To determine the marginal propensity to consume, divide the change in consumption by the change in income. This ratio shows the proportion of additional income that is spent on consumption.


How can one determine the marginal cost in economics"?

To determine the marginal cost in economics, you calculate the change in total cost when producing one additional unit of a good or service. This can be done by dividing the change in total cost by the change in quantity produced.

Related Questions

What happens in the primaries?

Is where you change Natural Resources into primary products. Primary products are considered raw materials for other industries.


What happens to atoms and molecules when a chemical change occurs?

They get rearranged to form new products.


How can one determine the change in enthalpy for a given chemical reaction?

To determine the change in enthalpy for a chemical reaction, one can use the equation H H(products) - H(reactants), where H is the change in enthalpy, H(products) is the sum of the enthalpies of the products, and H(reactants) is the sum of the enthalpies of the reactants. This calculation helps to quantify the heat energy absorbed or released during the reaction.


What happens to mass when substances go through a chemical change?

The total mass of products is unchanged from the total mass of the reactants, but the masses of particular substances among the reactants or products change.


What happens to an enzyme after it catalyses a reaction and turns substrate into products?

They remain in their original form. They do njo change


What happens to the reactants when a chemical change occurs?

During a chemical change, the reactants undergo a chemical reaction to form new substances called products. The reactants are transformed into products with different chemical properties through the breaking and forming of chemical bonds. The reactant atoms are rearranged to form the products.


What happens to chemical bonds during chemical change?

During a chemical change, chemical bonds are broken between atoms in the reactants and new bonds are formed to create products. Energy is either released or absorbed during bond breaking and forming processes. The types and strengths of the bonds determine the overall energy change of the chemical reaction.


How can one determine the change in enthalpy (H) for a chemical reaction?

One can determine the change in enthalpy (H) for a chemical reaction by measuring the heat released or absorbed during the reaction using a calorimeter. The difference in heat between the products and reactants gives the enthalpy change.


What happens to a sample of matter when it undergoes a chemical change?

The reactants are transformed in products, substances with another type of molecules and properties.


Why variable cost is that it ignore the increasing importance of fixed cost in modern manufacturing?

variable cost ignore the increasing importance of fixed cost in order to determine thecost of production.on computing the cost of production we basing on variable cost because variable cost change as productivity change that we eliminate the fixed cost to determine cost of production.


How does the entropy change in the reaction 2c3h6g 9o2g 6co2g 6h2og?

The entropy change in a reaction can be calculated by comparing the entropy of the products to the entropy of the reactants. Without specific entropy values provided, it is difficult to determine the exact change. However, in general, the entropy change is positive in reactions where the products have higher entropy than the reactants, indicating an increase in disorder.


What is marginal revenue?

Marginal revenue is the change in total revenue over the change in output or productivity.