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Citrus2011 [14]
3 years ago
5

Explain the division of labor and specialization. Provide an example of specialization.

Social Studies
1 answer:
Goryan [66]3 years ago
7 0
Division of labor and specialization is the idea that workers are more productive when given specific tasks to repeat rather than many different tasks. This is especially prevalent in factories such as car factories. Where one worker spends the entire day putting on tires. If they put on tires all of the time they will become very efficient at this task.
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Answer:

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Explanation:

What is the purpose of paragraph 5's discussion of the name “Dillingham”? It acts as a symbol of their decreasing wealth. It shows that they do not like their last name. It shows that last names are not important.

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Explanation:

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netineya [11]

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3 0
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why do you think it is important to understand the concept of Diminishing Marginal Returns when making production decisions?
aivan3 [116]

Answer:

The law of diminishing marginal returns is a theory in economics that predicts that after some optimal level of capacity is reached, adding an additional factor of production will actually result in smaller increases in output.

For example, a factory employs workers to manufacture its products, and, at some point, the company operates at an optimal level. With all other production factors constant, adding additional workers beyond this optimal level will result in less efficient operations. 

Explanation:

KEY TAKEAWAYS

The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output. 

After some optimal level of capacity utilization, the addition of any larger amounts of a factor of production will inevitably yield decreased per-unit incremental returns.

For example, if a factory employs workers to manufacture its products, at some point, the company will operate at an optimal level; with all other production factors constant, adding additional workers beyond this optimal level will result in less efficient operations. 

3 0
3 years ago
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