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when production output increases, labour hours decreases due to term called "Learning Curve"
Learning Curve: LC provides us the answer of this situation and elaborate that when the production of units goes double there is less time required to make them as compare to the first unit of that product to produce.
It is very simple in daily life as well as when somebody do any work first time it take him much more time to do it then doing it again and again so this happens in manufacturing as well and that's why labour hours reduces as production units increases.
What else can I help you with?
Why is labor an active factor of production?
it can be increased or decreased based upon demand
Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
How can one determine the marginal product of labor in a production process?
To determine the marginal product of labor in a production process, you can calculate the change in output when one additional unit of labor is added. This can be done by dividing the change in output by the change in labor input. The marginal product of labor helps to understand how efficiently labor is contributing to the overall production.
If the marginal cost of production is diminishing as more units of output are produced what can you say about the marginal procuct of labor?
If the marginal cost of production is diminishing as more units of output are produced, it suggests that the marginal product of labor is likely increasing or, at the very least, not decreasing. This indicates that each additional unit of labor is contributing more effectively to output, leading to lower costs for producing each additional unit. This relationship often reflects increased efficiency or better utilization of resources as production scales up.
What is the most efficient way to calculate production output using the Cobb-Douglas shortcut method?
The most efficient way to calculate production output using the Cobb-Douglas shortcut method is to use the formula Y A L K, where Y is the production output, A is the total factor productivity, L is the labor input, K is the capital input, and and are the output elasticities of labor and capital, respectively. This formula allows for a quick and accurate calculation of production output based on the inputs of labor and capital.
Why is labor an active factor of production?
it can be increased or decreased based upon demand
Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
Why does division of labor often result in increased production output?
because they know what is there specific work and they will do work faster..........Taimoor Ahmed Khan The City School BWP
How can one determine the marginal product of labor in a production process?
To determine the marginal product of labor in a production process, you can calculate the change in output when one additional unit of labor is added. This can be done by dividing the change in output by the change in labor input. The marginal product of labor helps to understand how efficiently labor is contributing to the overall production.
If the marginal cost of production is diminishing as more units of output are produced what can you say about the marginal procuct of labor?
If the marginal cost of production is diminishing as more units of output are produced, it suggests that the marginal product of labor is likely increasing or, at the very least, not decreasing. This indicates that each additional unit of labor is contributing more effectively to output, leading to lower costs for producing each additional unit. This relationship often reflects increased efficiency or better utilization of resources as production scales up.
What is the most efficient way to calculate production output using the Cobb-Douglas shortcut method?
The most efficient way to calculate production output using the Cobb-Douglas shortcut method is to use the formula Y A L K, where Y is the production output, A is the total factor productivity, L is the labor input, K is the capital input, and and are the output elasticities of labor and capital, respectively. This formula allows for a quick and accurate calculation of production output based on the inputs of labor and capital.
What is the point where the overall production is very low?
The point where overall production is very low is known as a production slump. This can occur due to various reasons such as economic downturns, supply chain disruptions, labor strikes, or natural disasters. During a production slump, businesses may experience reduced output, decreased revenue, and potential layoffs.
What was the most outstanding social effect of the development of a division of labor system of production was?
Unemployment or decreased wages for skilled craftsmen
How is division labor relate to production?
Division of labor enhances production efficiency by breaking down tasks into specialized roles, allowing workers to focus on specific functions. This specialization leads to increased skill levels and faster output, as individuals become adept at their particular tasks. Consequently, overall productivity rises, reducing the time and resources needed for production. Ultimately, division of labor contributes to higher quality and greater quantities of goods produced.
What was the result of increased use of slave labor in the southern coloniesduring the late 1600s?
The decreased number of white servants immigrating to the colonies.
How did the spinning frame affect the production?
The spinning frame revolutionized textile production by mechanizing the process of spinning, leading to increased efficiency and higher output of yarn. This innovation helped drive the Industrial Revolution by allowing for mass production of textiles, reducing the need for manual labor and making textiles more affordable and accessible.
The feasible means of converting raw inputs such as steel labor and machinery into an output are summarized by?
The feasible means of converting raw inputs like steel, labor, and machinery into outputs are summarized by production processes or production functions. These functions outline the relationship between inputs and the quantity of output produced, indicating how efficiently resources are utilized. They often consider factors such as technology, scale of production, and the specific combination of inputs to achieve optimal results. Ultimately, effective management of these inputs leads to increased productivity and economic efficiency.
