Answer:
If we find out that technology has shifted the labor demand to the left, this is a disadvantage to labor.
Explanation:
To begin with, It's important to properly understand the concept of Marginal Product of Labour.
In simple terms, marginal product of labor is basically the change in unit output occasioned by a unit change in labor. There are a number of factors that may cause a marginal change in labor. Suffix to say, marginal change can either be to the right or to the left.
To narrow it down, we have technology to consider as one of the factors that ensue marginal change. Even more, this change can either be to the right or left. That is, an increase in technology might result to an increase in unit labour - this is to the right. And this is beneficial or advantageous to labor. In same vein, a increase in technology might result to a decrease in unit labour - this is to the left. And this is disadvantageous to labor.
It's on established record that introduction of new technologies, procedures and processes often have a direct effect on an individual employee. This altogether affects the marginal product in labour.
Hence, when technology brings changes to the left, this is a disadvantage to labour, as there is possibly a downsizing or reduction in labor strengths occasioned by the new technologies.
Answer: $200
Explanation:
From the information given, since the MPC is 0.75 and the change in GDP is $800, the change in the government spending will then be:
$800 = 1/(1 - 0.75) × ∆G
$800 = 1/0.25 × ∆G
$800 = 4 × ∆G
∆G = $800/4
∆G = $200
The government spending will be increased by $200
Answer:
The correct answer is D. indirect cost.
Explanation:
That is, indirect costs are those costs that the company incurs during the exercise of its activity, whose allocation is more complicated, since they are not directly related to production.
In the above case, it is shown that the environmental effect produced by the cyclone is not directly related to the production of the bricks, so it is considered that it corresponds to indirect costs of the operation.
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