Answer:
Created, since the dislocated labor and resources are absorbed by new firms created through the technological innovation, moving them to higher value use.
Explanation:
Technological advancement results in more efficient processes that requires a unique expertise along with higher compensation.
In this scenario labour is disengaged from closed businesses and some were laid off.
These disengaged workers will eventually develop skills that will give them employment in the technologically advanced companies.
Since wages are higher in these companies, there will be an increase in the wealth of workers.
For example a factory worker in production line is paid less than a software engineer. This is because the work of a software engineer is more specialised and therefore higher paying.
Answer:
13%
Explanation:
The accounting rate of return (ARR) of an investment project is the accounting profit (usually before interest and tax) expressed as a percentage of the capital invested.The essential feature of ARR is that it is based on accounting profits, and the accounting value of assets employed.
Annual Net income per year=20,000
Capital employed= (Initial cost of machinery+residual value)/2
Capital employed=(280,000+30,000)/2=155,000
Project A Accounting rate of return=Annual net income per year/Capital employed
Project A Accounting rate of return=20,000/155000
=13%
For a branded house strategy, the following is often essential, (C) use of strong, individual, or separate brand names.
<h3>
What is branded house strategy?</h3>
- A Branded House is a marketing approach in which multiple companies' products are sold under one name/branding umbrella.
- If the master brand/company wants more control over the end product's production, distribution, and cost, this technique is ideal.
- Apple is an example of a branded house.
- Apple offers numerous goods, many of which are well-known enough to stand alone as product brands.
- However, they are all clearly branded Apple and exploit the master brand's visual identity and spirit.
- A Branded House strategy provides various benefits to businesses that provide different services or products under one brand, including Efficiency - a single marketing plan and brand code cover all offerings.
- Ease - by keeping all offerings under the same brand, confusion and competition are avoided.
Therefore, for a branded house strategy, the following is often essential, (C) use of strong, individual, or separate brand names.
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The marginal product of labor is 10.
Data and Calculations:
Production function = Q = 20K0.5L0.5 = 20 x K x 0.5 x L x 0.5
Where:
Q = number of surgeries per day
K = number of machines
L = number of employees
Assuming that:
K = 2
L = 2
Therefore, Q1 = 20 x 2 x 0.5 x 2 x 0.5
= 20 surgeries per day
Q2 = 20 x 2 x 0.5 x 3 x 0.5
= 30 surgeries per day
Change in productivity = 10 (30 - 20)
Change in labor = 1 (3 - 2)
Marginal product of labor = change in output / change in labor
= 10 (10/1)
Thus, the marginal product of labor for the production function is 10.
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