answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics

What changes in AD and AS affect the output in an economy?

Changes in aggregate demand (AD) and aggregate supply (AS) can significantly influence an economy's output. An increase in AD, driven by factors such as higher consumer spending or increased government investment, typically raises output and can lead to inflation. Conversely, a decrease in AD can reduce output and potentially lead to a recession. On the supply side, an increase in AS, often due to advancements in technology or a reduction in production costs, can boost output and lower prices, while a decrease in AS, perhaps from supply chain disruptions or increased production costs, can constrict output and elevate prices.


What was not the result of use of he assembly line?

The use of the assembly line did not result in a decrease in production costs for all industries. While it significantly increased efficiency and output in manufacturing, some sectors experienced challenges in adapting to the rigid structure of assembly lines. Additionally, it did not eliminate the need for skilled labor entirely; rather, it transformed the nature of work and required different skills.


Define the Law of Diminishing Returns?

the characteristic of any production system in which increases in variable inputs result in increasing reduction of total output. An indicator of when to stop making additional inputs to the system, when the input exceeds the additional output.


What is the difference between returns to scale and economies of scale in terms of their impact on a firm's production efficiency and cost structure?

Returns to scale refer to the change in output when all inputs are increased proportionally, while economies of scale refer to the cost advantages a firm gains as it increases its production levels. Returns to scale can impact a firm's production efficiency by affecting the overall output, while economies of scale can impact a firm's cost structure by reducing the average cost per unit as production increases.


Did the Market Revolution increase the cost of manufactured goods?

The Market Revolution, which transformed the U.S. economy in the early 19th century, generally led to a decrease in the cost of manufactured goods due to increased production efficiency and the rise of factories. Innovations such as the steam engine and the assembly line enabled mass production, which reduced costs. However, while some goods became cheaper, others may have seen price increases due to factors like demand or the costs of raw materials. Overall, the revolution made a wider variety of goods more accessible to consumers.

Related Questions

Why do you need gearbox in the automobile?

the need of gear box in automobile is to increase / decrease the speed while u driving the car


Did the embargo act decrease production while war boosted it?

False(OW)


Did Clinton decrease handgun regulations while in office?

Not hardly. He increased gun regulations. Most noticeably, the 1994 assault weapons ban.


Are accounts normally decreased by debits?

All credit accounts are decrease by debits while all debit accounts are increased by debits and vice versa.


What happens to the speed of the particle if the size is increased?

If the size of the particle is increased while keeping its momentum constant, the speed of the particle will decrease. This is because as the size increases, the same momentum is distributed over a larger mass, resulting in a lower velocity.


How in transmission line current decreases when voltage is increased?

Because power is power. If you maintain the same power, while increasing the voltage, you must decrease current. P=IE.


Why if you increase the angle of the inclined plane the acceleration of the trolley will increase?

If the angle is increased, the tangential component of the weight will increase, while the normal component - the one that causes friction - will decrease.


Who invented the automobile headlight?

Louis Bleriot invented the automobile headlights, while he was studying at Ecole Centrale Paris.


If the distance is increased while the charges remain the same what happens to the force?

If the distance between charges is increased while the charges remain the same, the force between the charges decreases. This relationship is described by Coulomb's law, which states that the force between charges is inversely proportional to the square of the distance between them.


How important is it to stay hydrated while breastfeeding and how does the consumption of water affect the production and quality of breast milk?

Staying hydrated is crucial while breastfeeding. Drinking enough water helps maintain milk supply and quality. Dehydration can lead to a decrease in milk production. It is recommended for breastfeeding mothers to drink plenty of water throughout the day to support milk production and overall health.


What is the difference between diuresis and polyuria?

Diuresis is the increased production of urine by the kidneys, while polyuria is the excessive passing of urine due to various causes such as diabetes or certain medications. In other words, diuresis refers to the process of increased urine production, while polyuria is a symptom characterized by excessive urine output.


What was not the result of use of he assembly line?

The use of the assembly line did not result in a decrease in production costs for all industries. While it significantly increased efficiency and output in manufacturing, some sectors experienced challenges in adapting to the rigid structure of assembly lines. Additionally, it did not eliminate the need for skilled labor entirely; rather, it transformed the nature of work and required different skills.