1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garik1379 [7]
3 years ago
14

How does the introduction of robots into an automobile factory illustrate the economic goal of efficiency?

History
1 answer:
melomori [17]3 years ago
4 0

Economic effiency is achieved when a company manages to obtain a certain level or production at a lower cost, or a larger amount of production at the same cost level as before.

In order to do so, the firm can either decrease the price it pays for the factors of production used in manufacturing (for example, decrease salaries or decrease the amount paid to suppliers etc.), which it not always possible, or introduce new technologies that optimize the production processes. The introduction of robots, will allow the firm to produce, in the same amount of time, a greater amount of units of its products and using an smaller labor force (cheaper in terms of factors used too). <u>Therefore the firm will reach a higher level of efficiency and become more competitive when technological progress steps in the production processes. </u>

You might be interested in
It seemed like everyone was happy to have Washington as the executive
Gekata [30.6K]

The correct answer to this open question is the following.

Knowing what I know about Washington's past, what I think he meant by this quote: "the office chooses the man" is the following.

For General George Washington, that quote meant that sometimes in the life of a man, he has to accept the fact that although you do not want some, your responsibility is to accept some kind of job because you are the one who has the knowledge and experience to do it right.

Maybe is difficult, maybe is tough, but only a few brave men have the talent to do it. So it is not a matter of if you like it or want it. It is that you are the one with the credentials to do it right.

And this was the case of George Washington the first President of the United States.

4 0
3 years ago
Who was the publisher of the newspaper the New
MrMuchimi

Answer:

B, Joseph Pulitzer.

  • William McKinley was a president.
  • Here is what Joseph Pulitzer looks like.

<em>I hope this helped at all.</em>

3 0
2 years ago
Read 2 more answers
Which city was a center of trade and learning in West Africa?
Serga [27]

Answer:

Timbuktu

Explanation:

8 0
2 years ago
Read 2 more answers
I cant plant for nothing!!!!!!
qwelly [4]

Answer:

The web gives you instructions on how to plant!

3 0
2 years ago
Which of the following is true of Southern beliefs prior to the Civil War?
Sidana [21]
C. states needed to be given more control
6 0
3 years ago
Other questions:
  • What is a tariff?
    9·2 answers
  • Where are archipelago located
    7·1 answer
  • Just read the following and you'll do fine...
    12·1 answer
  • How was the formation of the Church of England founded by Henry VIII different from the formation of the Luther Church created b
    9·1 answer
  • Who led the first doughboys that arrived in France​
    12·1 answer
  • What are differences and similarities of Egypt and China's religion ?
    12·1 answer
  • Please pick between 1,2,3 and 4. Thank you!
    7·1 answer
  • Accomplishment of the Greek god
    10·2 answers
  • Which of the following was an outcome of the defeat of the Spanish armada?
    9·1 answer
  • In the Plains tribes, a person’s social status was usually determined according to __________. A. the family’s wealth B. the fat
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!