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
3241004551 [841]
2 years ago
13

Gibson Valves produces cast bronze valves on an assembly​ line, currently producing 2000 valves per shift. If the production cha

nges to 1600 valves per​ shift, labor productivity will change​ by:
Business
1 answer:
anastassius [24]2 years ago
8 0

Answer:

25%

Explanation:

Calculation for the change in labor productivity

Using this formula

Change in labor Productivity = (New Productivity - Old Productivity)/Old Productivity

Let plug in the formula

Change in labor Productivity= ($2,000-$1,600)/$1,600

Change in labor Productivity= $400/$1,600

Change in labor Productivity= 0.25*100

Change in labor Productivity=25%

Therefore labor productivity will change​ by: 25%

You might be interested in
The following is an extension economy of scale
ValentinkaMS [17]

The example of an extension economy of scale is Bulk buying.

Explanation:

  • economies of scale are the main cost whose advantages are for the enterprises that  obtain due to their scale of operation, which is measured by the amount of output produced by the company with cost per unit of output resulting in decreasing with increasing scale.
  • Economies of scale apply to a vast variety of organizational and business situations and at multiple areas, such as a production, the plant or an entire enterprise.
  • Another source of scale economies is the possibility of purchasing inputs at a lower cost per unit, when they are purchased in large quantities.
  • Managerial economies of scale occur when large firms are able to afford specialists. They manage i an effective manner, particular areas of the company.
  • Economies of Scale refer to the cost advantage that us experienced by a firm when it increases its level of output.
  • The advantage of the huge buying arises due to the inverse relationship between per-unit fixed cost and the quantity produced. The greater the quantity of output produced, the lower the per-unit fixed cost.

8 0
3 years ago
The slope and position of the long-run aggregate supply curve
malfutka [58]
<span>Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply.

__ The price level
__ The inflation rate

Suppose the economy produces real GDP of $50 billion when unemployment is at its natural rate.
(graph goes here)
Suppose the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to (rise / fall) which will:
__ Shift the long-run aggregate supply curve to the left


Direction of LRAS Curve Shift:
Many workers leave to pursue more lucrative careers in foreign economies. (Left )
For environmental and safety reasons, the government requires that the country's nuclear (Left)
power plants be permanently shut down. (Left )
An investment tax credit increases the rate at which firms acquire machinery and equipment. (Right)</span>
5 0
3 years ago
Read 2 more answers
What's the percentage of Americans living pay check to paycheck
mestny [16]
40 percent of americans
6 0
3 years ago
After collecting 217 completed questionnaires and reviewing the results, you find you're no closer to deciding on a location tha
Furkat [3]
A) Did not provide clear measurable choices
5 0
3 years ago
Read 2 more answers
Which of the following statements comparing debit cards to credit cards is TRUE?
djverab [1.8K]
Using a credit card is like borrowing money, while debit cards let you draw directly from your bank account
8 0
2 years ago
Read 2 more answers
Other questions:
  • According to the _____, the most effective management theory or idea depends on the kinds of problems or situations that manager
    5·1 answer
  • Global Blenders sells goods and services that other companies offer but does not provide any organization with the input resourc
    11·2 answers
  • The proper style for an argumentative essay is?
    10·2 answers
  • Employers are not bound by the flsa regarding employees classified as ________ employees.
    15·1 answer
  • A​ firm's annual​ stockholders' report​ ________. A. summarizes and documents the​ firm's financial activities during the past y
    15·1 answer
  • You have just received notification that you have won the $2.5 million first prize in the Centennial Lottery. However, the prize
    13·1 answer
  • Which fema mitigation program assists in implementing long-term hazard mitigation measures following presidential disaster decla
    13·1 answer
  • Steve's stock portfolio makes a five percent gain and he sells a portion of his holdings. Under which heading on the chart would
    8·1 answer
  • A company begins the quarter with $50 in supplies. They purchase an additional $100 of supplies. At the end of the quarter, they
    7·1 answer
  • A city government is considering raising the local income tax to pay for improvements to government facilities. a private citize
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!