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Dahasolnce [82]
3 years ago
10

A new labor-saving technology will likely result in..... Group of answer choices Lower wage share of output and lower Gini coeff

icient in the short run. Higher wage share of output and higher Gini coefficient in the short run. Lower wage share of output and higher Gini coefficient in the short run. Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Business
1 answer:
jekas [21]3 years ago
7 0

Answer:

Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.

Explanation:

Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.

New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.  

This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.

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Travel-Cheap agency is planning to open a ticket desk in a new shopping plaza, staffed by one ticket agent. It is estimated that
anastassius [24]

Answer:

(a) 75% (b) 25% (c) 2.25 customers (d) 12 minutes (e) 0.25 (f)0.237

Explanation:

Solution

Given that:

The Arrival rate at Poisson distribution = 15 per hour = λ

The Service rate at exponential distribution = 20 per hour = μ

(a) System utilization = λ/μ = 15 / 20 = 0.75 = 75%

(b) The Probability of zero requests in server = 1 - λ/μ = 1 - 0.75 = 0.25

or

The percentage of time server will be idle = 25%

(c)The expected number of customers waiting to be served = Average number of customers in line = λ^2/μ (μ-λ ) = 225 /20(20-15) = 45 /20 = 2.25

Therefore, it is expected that on an average, 2.25 customers are waiting in line to get served.

(d)The average time customers will spend in system = 1/(μ-λ )

=1/(20 - 15) = 1/5 hours = 12 minutes

(e)The probability of zero customer in system = 1 -λ/μ = 1 - 0.75 = 0.25

(f) The probability of more than 4 customers in the system = (λ/μ)^ 4+1

=  (15/20)5 = 0.237

7 0
4 years ago
During which step of the research process are you most likely to conduct interviews with witnesses?
soldier1979 [14.2K]

Answer:

A research process consisits of the following steps;

Step 1: Identify the Problem.

Step 2: Review the Literature.

Step 3: Clarify the Problem.

Step 4: Clearly Define Terms and Concepts.

Step 5: Define the Population.

Step 6: Develop the Instrumentation Plan.

Step 7: Collect Data.

Step 8: Analyze the Data.

According to the above steps, conducting interviews with witnesses would be step 7 : Collecting Data of the research process. Interviewing to gather information which can later be analyzed in order to reach to a comprehensive solution.

8 0
3 years ago
Which of the following does not affect the price set for a new service?
rodikova [14]

Answer:

a

Explanation:

availability of individual to work for the business does not affect it

4 0
3 years ago
g Which of the following best describes the company-related considerations (beyond software type) for the choice of a process me
aliya0001 [1]

Answer:

vii) Which of the following best describes the company-related considerations (beyond software type) for the choice of a process methodology in a software project?

1. Company size and culture and geographic team distribution

2. Start-up vs established company

3. Software size

4. Risk-taking vs. bureaucracy

Explanation:

8 0
3 years ago
__________ values and norms are exhibited by employees based on their observations of what actually goes on in the organization.
abruzzese [7]

Based on their observations of what actually occurs in the organization, employees demonstrate the enacted values and norms.

Your values are the things you hold dear in terms of how you conduct your life and career. Value indicates the significance of an action or thing in ethics and social sciences. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. In the social sciences, norms are a key notion. Norms are most frequently described as socially imposed laws or expectations. Norms can be prescriptive (encouraging good behavior, such as "be honest") or proscriptive (forbidding bad behavior, such as "do not cheat").

Learn more about Norms here

brainly.com/question/15706409

#SPJ4

8 0
1 year ago
Read 2 more answers
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