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alexandr1967 [171]
2 years ago
13

In Vintland, sanitation engineers are being replaced with garbage robots, which have fewer negative effects and many more signif

icant benefits. However, the labor cost efficiency of garbage robots has driven down the price of collecting garbage so significantly that sanitation engineers can no longer compete. After six months, everybody has switched to the cheaper and better garbage robots.
Please select the choice below that best describes the short-run effects of this industrial change on Vintland\'s GDP and its standard of living. Assume that Vintland consumes the same quantity of collecting garbage now as they did six months ago.
A. GDP increases and standard of living decreases
B. GDP and standard of living both increase
C. GDP and standard of living both decrease
D. GDP decreases and standard of living increases
E. There is not enough information to answer this question
Business
1 answer:
pychu [463]2 years ago
3 0

Answer: GDP decreases and standard of living increases

Explanation:

Based on the information given, the short-run effects of this industrial change on Vintland's GDP and its standard of living is that there'll be a reduction in the gross domestic product and an increase in the standard of living.

The reduction in GDP will be as a result of the reduction in the price of collecting garbage. On the other hand, the replacement of the sanitation engineers with the garbage robots will have fewer negative effects and many more significant benefits, thereby increasing standard of living.

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Answer:

Supply chain management

Explanation:

Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.  

The goal is to turn the raw material into the finished goods by going through the manufacturing work cycle so that the product is ready to be sold and shipped to the consumer with specified time and exact location.

In turn, it also focuses on achieving a strategic edge and increasing customer satisfaction.

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3 years ago
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Explanation:

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This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.

The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.

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3 years ago
In the summer, ben often jogs during the middle of the day. when he exercises in these conditions, he sweats heavily. the recomm
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ira [324]

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Franchise

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