0
What would happen to marginal and average productivity if a technological innovation were introduced to the production process?
Wiki User
∙ 11y ago
Marginal and Average productivity increases when technological innovations are introduced into production process.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
In tiwl In tiwl
What are the Factors that can shift a production possibility curve?
Outwards Discovery of natural resources Technological innovation increase in the labour (fall in natural rate of unemployment) improvement in productivity and efficiency Inwards Brain drain a fall in the labour force depletion of the supply of the raw materials depletion of the capital stock due to a natural disaster etc
What technological innovation has transformed the automotive stamping industry?
human operators are used only to load raw steel into the plant and to remove the finished product at the end of the production line
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.
What innovation allowed for the mass production of goods?
Cotton gin
What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
In tiwl In tiwl
What has the author Gerhard Rosegger written?
Gerhard Rosegger has written: 'The economics of production and innovation' -- subject(s): Economic aspects, Economic aspects of Technological innovations, Production (Economic theory), Technological innovations
How can Bottlenecks be solved by historian William Parker?
new technological innovation applying vastly more resources to old production processes
What has the author Bela Gold written?
Bela Gold has written: 'Evaluating technological innovations' -- subject(s): Technological innovations, Steel industry and trade 'Potentials and limitations of robotics' 'Explorations in managerial economics' -- subject(s): Industrial management, Production (Economic theory) 'Productivity, technology, and capital' -- subject(s): Technological innovations, Industrial productivity
Area Production and productivity of sapota in India?
area, production and productivity in sapota?
What are the Factors that can shift a production possibility curve?
Outwards Discovery of natural resources Technological innovation increase in the labour (fall in natural rate of unemployment) improvement in productivity and efficiency Inwards Brain drain a fall in the labour force depletion of the supply of the raw materials depletion of the capital stock due to a natural disaster etc
What technological innovation has transformed the automotive stamping industry?
human operators are used only to load raw steel into the plant and to remove the finished product at the end of the production line
Area production productivity of strawberry in India?
area, production and productivity of strawberry in india
What is the difference between production and productivity?
productivity is the number of goods made by division of employees...production is the number of goods made
During the 1700s the textile industry became one of the first to use steam-powered machinery. This technological innovation increased production and led to?
This technology led to greater profits and a demand for more workers.
What has the author Paul Henry Nowill written?
Paul Henry Nowill has written: 'Productivity and technological change in electric power generating plants' -- subject(s): Electric industries, Electric power production
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.
