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Frederick Winslow Taylor
Henry Ford
What else can I help you with?
How does education affect economy?
Education directly affects the level of human capital (skill and knowledge we acquire), which is an input in economic production. Human capital increases economic growth by decreasing the costs of production and therefore increasing cost efficiency.
What percentage of US GDP is derived from tourism?
It appears that travel and tourism directly contributed to 2.5% of the US GDP in 2010. Travel and tourism indirectly contributed to 8.9% of US GDP in 2010. This is significantly lower than the world average.
How is optimal efficiency achieved in production?
Efficiency itself is impossible to measure directly. The classic practical definition is to measure all of the waste produced by the operation (heat, material, labour hours, etc.) and divide them all by the amount of acceptable product produced. You will never get to 'zero', but if the fraction is reduced, efficiency has increased. Good luck, Quality Assurance is the most difficult part of manufacure, but it can be the most rewarding.
What is the relationship between Pareto efficiency and externalities in economic theory?
In economic theory, Pareto efficiency refers to a situation where resources are allocated in the most efficient way possible, maximizing overall societal welfare. Externalities are costs or benefits that affect parties not directly involved in a transaction. The relationship between Pareto efficiency and externalities is that externalities can lead to market inefficiencies and prevent the achievement of Pareto efficiency. This is because externalities can result in a misallocation of resources and a failure to account for the full costs or benefits of a transaction, leading to a suboptimal outcome for society as a whole.
What is the affect of a per unit tax on marginal cost of production?
a per unit tax directly affects the marginal cost schedule by increasing the value of each marginal cost at each value by the amount of the tax
Who contributed most directly to increasing the efficiency to factories?
Frederick Winslow TaylorHenry Ford
Which factors directly contributed to the growth of the steel industry in the late 1800s?
One significant factor that contributed to the enormous industrial boom of the 1900s was government policies that supported business. Another factor was an increasing urban population.
Which advancement in technology directly contributed to the cattle boom?
The railroad was the advancement in technology that directly contributed to the cattle boom. Out in the west they created large cattle kingdoms.
Who are the scientist that directly indirectly contributed to the study of physics?
Directly: physicists Indirectly: scientists
Which early civilization most directly contributed to the development of both Christianity and Islam?
Hebrewwhat early civilization most directly contributed to the development of both Christianity and Islam?
What does levers help you to do?
Levers help you to exert a force to move an object by increasing the efficiency of your effort. They allow you to lift, push, or pull heavy objects with less force than if you were to directly lift them without a lever.
Which advancement of technology directly contributed to the cattle boom?
refrigerated railcar
How does education affect economy?
Education directly affects the level of human capital (skill and knowledge we acquire), which is an input in economic production. Human capital increases economic growth by decreasing the costs of production and therefore increasing cost efficiency.
How do injector pumps work to fuel a car?
An injection pump uses an injector to spray fuel directly past a glow plug and than into the combustion chamber of a vehicle. This allows the fuel to burn to a more complete degree increasing efficiency.
Which of the following contributed most directly to the American westward expansion?
The continental railroad.
Who contributed most directly to the widespread use of rubber in cars?
Charles Goodyear
Who contributed most directly to the widespread use of steel in cities?
Henry Bessemer
