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Technology increases production per unit of input (either labor or capital). Any increase in technology necessarily increases output per unit of input.
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What are the advantages of low technology job production?
In low technology job production,items can be altered for the specific customer providing a genuine market.
What is the impact of technology on production management decision-making?
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What is a standard component in design technology?
Standard Components are pre-manufactured parts bought in by individuals or commercial manufacturers, usually as part of a batch production or mass production system.
Difference between group technology and cellular manufacturing?
Group Technology is manufacturing philosophy which similar parts are identified and group together to take advantage of their similarities in design and production. But, Cellular Manufacturing is organizing the production equipment into machine cells, where each cell specializes in the production of a part family. On the other word, cellular manufacturing is an application of GT in which dissimilar machines or processes have been aggregated into cells, each of which dedicated to the production of a part, product family, or limited group of families. According to the GROOVER book "automation and production systems, and computer-integrated manufacturing"
If a technology were developed that increased the productivity of all inputs how would that be shown with a production possibilities curve?
If a technology were developed that increased the productivity of all inputs, it would be represented on a production possibilities curve (PPC) by an outward shift of the curve. This shift indicates that the economy can produce more of both goods without sacrificing the production of one for the other. The new curve would demonstrate higher potential output, reflecting improved efficiency and resource utilization. Such a change signifies economic growth, allowing for greater production possibilities.
How does technology affect production possibilities?
Technology increases production per unit of input (either labor or capital). Any increase in technology necessarily increases output per unit of input.
How did the industrial revolution affect businness?
Nova Net Answer: New technology made production efficient.
What effects does increased technology have on the production possibilities curve?
It shifts to the rightIt will have an affect only if the resource increases as well. Technology increases production per unit of input. Any technology involved necessary increases output per unit of input.
How does technology affect factors of production?
technology greatly affect FOP, the main factor is that it reduces the need of the Labor an important FOP. also it contribute alot towards the capital ie made made resources
Demonstrate how people and companies can use technology to reduce production of waste and reduce the use of resources.How do these actions affect the environment?
People and companies can use technology to reduce production of waste and reduce the use of resources by dumping the waste and crushing it up.
What would NOT increase gross domestic product?
In most economic theory, the basic production function (or GDP) is represented by a Cobb-Douglas function (Y = KaALB). Where: Y = GDP K = the capital stock L = labour supply A = level of technology a and B = proportion of capital and labour usage in production Following this basic formula, anything that does not affect the level of capital production, labour supply, or technology would not affect production.
How might society affect science when it comes to developing oil-based technology?
Society depends on oil production, so science can be useful when it comes to developing an oil based technology. Planning ahead can help scientists discover and alleviate problems with oil production,
What are the four families of technology?
Communication Technology Production Technology Transportation Technology Bio Technology
How might society affect science when it comes to developing oil based technology?
Society depends on oil production, so science can be useful when it comes to developing an oil based technology. Planning ahead can help scientists discover and alleviate problems with oil production,
How does technology production affect district three in the Hunger Games?
by getting electrucuted while they work and losing almost all the power they have to give it to the capit
. How did the Industrial Revolution affect business?
New technology made production efficient It also brought conflicts like competiton with other nations which lead to Imperialism.
What is an example of lower production costs brought about by the use of technology?
what is an example of lower production costs brought about by technology
