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

1 answer:

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). Therefore the firm will reach a higher level of efficiency and become more competitive when technological progress steps in the production processes.

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blondinia [14]

The economy operates according to the law of supply and demand for goods and services. According to this theory, the interaction between supply and demand for a good or service fits and the vector of adjustment is price.

If the price is high, there is more supply than demand. If the price is low, there is more demand than supply. If demand increases, price increases and supply increases. If demand falls, the price falls. That is, the price makes the interaction. There will be a moment where the quantity offered is exactly equal to the quantity demanded, at which point the price practiced is the equilibrium price.

So if an economy is in equilibrium at a time and then the price charged is higher than the equilibrium price, it means that demand has gotten higher than supply.

However, none of the alternatives would explain why a price is charged above the equilibrium price. The answer is the reverse of what is written in alternative (A). The truth is this: As the quantity demanded rises, the price rises above the equilibrium price. This is the answer.

The alternative (B) is true, although it does not answer the question of the problem. If prices rise, demand falls. This is because the high price discourages consumption.

BTW, I'm an economist and I'm sure.

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Answer:

"The doctor will give her a series of tests to see how well she can think"

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The first option relating to the eyes would be something more suited towards an ophthalmologist (fancy word for 'eye doctor'). The third matches more towards cardiac and respiratory problems, heart things and lung/breathing stuff respectively. The final tests for your reflexes and muscles.

Using the process of elimination (and some funky words), the awnser becomes clear: the second choice (or "B.") is most likely true.

Hope this helps! Brainliest appreciated.

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