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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.
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Who was iron technology perfected by?
Iron technology was first developed in the middle east in about 1300 BC and well scientists are not sure which civilization developed iron technology first. Another thing the starting use of iron technology was the beginning of the iron age.
Who developed the principles of lean production?
Lean production is a production process developed by the Japanese manufacturing industry, in particular Toyota. The core concept of the idea is to preserve value with less work I.e less wastage.
How many years of Manufacturing experience do you have?
I have over [insert number] years of experience in the manufacturing industry, where I've developed skills in [mention specific areas, such as production processes, quality control, or equipment maintenance]. My experience has allowed me to work on various projects that improved efficiency and productivity. I'm committed to continuous learning and staying updated on the latest manufacturing technologies and practices.
What are some examples of production technology?
Product as a technology has many examples. Across the globe number of organizations have many products which are counted as a technology inovation. For example, eNlight the Intelligent cloud server developed by eUkhost has been the first step towards pay per hosting innovation.
What is the role of Technological and Institutional reforms in agriculture?
Technology has taken human from land to sky. Today almost in every field we can see its impact. It is not different with agriculture. New technological machines can do the same work in an hour which will be difficult for man farmers to do in almost a day. Earlier sickle was used for harvesting but now we have developed harvesters. It certainly helps our production to increase many folds in a small period of time.
Which statement best describes the relationship between the Industrial Revolution and mass production in Great Britain?
Technology developed during the Industrial Revolution allowed for the mass production of goods such as textiles" is the best option. The Industrial Revolution changed the course of economic history.
What is the fusion efficiency of the new technology being developed for renewable energy production?
The fusion efficiency of the new technology for renewable energy production is currently being researched and tested to determine its effectiveness in generating sustainable energy.
How advances in telecommunication and new technology significantly contribute to economic growth over time can effects production possibilities?
Advances in technology and telecommunications greatly impact economic growth. New features are being developed every year that is driving up the price of cell phones, internet speeds, satelitte and digital cable features. Consumer spending is the key to staying out of the recession. Have you noticed how many people have cell phones now as compared to 10 or 20 years ago? The rates are off the charts. This money for phones and other services are always circulating through the economy. It effects production possibilities positively. It gives millions of jobs as well.
What is the present developed technology in missile technology?
75 %
Why was missile technology originally developed?
1. Why was missile technology originally developed?To get bombs quickly to their destination.
How did Fujio Cio enhance the Toyota Production System?
Cho gave a high priority to the application of information technology in upgrading the TPS. New models could be developed and their production processes computer generated at the very same time.
When and by whom was it developed?
The chatbot technology was developed in the 1960s by Joseph Weizenbaum, a computer scientist at the Massachusetts Institute of Technology (MIT).
What is the surplus level of production?
Developed countries have a wide variety of resources and exploit these to the fullest. Advanced technology allow full use of resources. These countries reach a level of production which satisfies their domestic consumption and a surplus to be exported to other countries.
Which statement best describes the relationship between the industrial revolution and mass production in great Britain ?
Technology developed during the Industrial Revolution allowed for the mass production of goods such as textiles.
How is the microscope developed?
because of the technology
Who developed satellite technology?
the military
How advanced is Australia's technology?
Australia's technology is as advanced as the technology in all other developed countries.
