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
Taya2010 [7]
3 years ago
15

Technology can either shift the labor demand to the right or to the left, depending on its effect on the marginal product of lab

or. If we find that technology has shifted the labor demand to the left, this is a(n) ______________ to labor.
Business
2 answers:
zavuch27 [327]3 years ago
4 0

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.

viktelen [127]3 years ago
4 0

Answer:

If technology shift labour demand to the left, this is a decrease to labor.

Explanation:

Marginal productivity of labor is the change in output of a firm as a result of an additional units of labor.

Shift in demand for labor could be as a result of

1) Price of other factors of production such as land or capital.

2) Price of the firm's output.

3) Change in technology.

Technology helps to increase output in a firm.

A change in technology may either shift demand for labor to the right or to the left.

A shift to the right is implies an increase in the marginal productivity of labor.

A shift to the left implies a decrease in the marginal productivity of labor.

This means that less labor Will be required.

You might be interested in
True or False: Diminishing returns will occur when investing in the same TQM Initiative round after round. A. True B. False 2. T
kirill115 [55]

Answer:

  1. True
  2. True
  3. True
  4. True
  5. Capstone courier

Explanation:

7 0
3 years ago
So far summer is boring but I got a wreck this journal book so how you guys doing​
Rom4ik [11]
Good thank you, and you?
3 0
3 years ago
Jose put $200 in a savings acount, where he will earn 10% interest annually. At the end of the year how much money will Jose hav
spayn [35]
20
Because 10 * 20
Equal the 200
6 0
3 years ago
When interest is accrued on a note payable, but not paid, the A. Interest Expense account is increased; the Interest Payable acc
olchik [2.2K]

Answer:

C. Interest Expense account is increased; the Interest Payable account is increased.

Explanation:

A secured interest can be defined as a legal right granted by a borrower to a lender (creditor) over a collateral (the borrower's property) which permits or allow the lender to have a right to possess the property as soon as the lender defaults in making payment. The payment which is expected to be made by the borrower of a mortgage loan is considered a secured obligation because it is a lien or an enforceable legal claim.

When interest is accrued on a note payable, but not paid, the Interest Expense account is increased; the Interest Payable account is increased.

8 0
3 years ago
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
GrogVix [38]

Answer:

Santoyo Corporation

Tracking Time to Fill Orders:

The delivery cycle time was 25 hours.

Explanation:

The delivery cycle time sums the time occasioned by the supply delay and the reordering delay before the goods reach the customer.  As an order is received by Santoyo Corporation there is usually a wait time of half a day or 12.5 hours.  The processing of the order consumes 1.6 hours.  Before delivery is made, the inspectors spend 0.8 hours or 48 minutes doing what they know best.  Then, freight takes 4.2 hours for the delivery van to reach the customer's warehouse.  At that point, another 5.9 hours are spent queueing for the receipt of the goods by the customer.

8 0
3 years ago
Other questions:
  • What types of crimes primarily affect<br> businesses? Give examples.
    12·2 answers
  • Assuming a normal upward-sloping supply curve and a normal downward-sloping demand curve, if the government imposes a $5 excise
    6·1 answer
  • The number and magnitude of decisions and problems that must be addressed during an emergency are a direct outgrowth of: A. The
    7·1 answer
  • g Suppose on January 1 Austin​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At May 31​, how much rent expense shou
    11·1 answer
  • Apex Fitness Club uses straight-line depreciation for a machine costing $23,860, with an estimated four-year life and a $2,400 s
    10·1 answer
  • At World Spice Market, Inc., the department manager uses a hand-held scanner to determine the quantity of each spice the store h
    12·1 answer
  • Which of the following is an instance of persuasive speaking? a. a president of a company presenting an award to an outstanding
    5·1 answer
  • Assume that you purchased a $1,000 perpetual bond (coupon payment is $50) and the interest rate on that bond declined from 5 per
    14·1 answer
  • In risk management what does risk evaluation involve?
    6·1 answer
  • Question 2 of 10
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!