Driven down the price of collecting garbage

Assignment Help Business Economics
Reference no: EM131096060

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

Reference no: EM131096060

Questions Cloud

Discuss lewin change management model : 1. In 200 words or more, briefly discuss Lewin change management model and Kotter's eight-step change model. Compare and contrast the two models. Which do you believe is more effective? Why? Please cite all resources according to APA standards.
Discusson proempowerment of employees : Discusson Proempowerment of Employees
Five factor model of personality : 1. An experiment involves manipulation of ______________ variable and the observation of its effects.
In the table below are cost and demand data for monopolist : In the table below are cost and demand data for a monopolist.
Driven down the price of collecting garbage : In Vintland, sanitation engineers are being replaced with garbage robots, which have fewer negative effects and many more significant benefits. However, the labor cost efficiency of garbage robots has driven down the price of collecting garbage so si..
How important do you find organization to be in a managerial : How important do you find organization to be in a managerial role and have you had a situation where being organized helped you in a conflict at work or school?
Homework assignment-principles of management : For this homework assignment, you will develop a supporting human resource (HR) plan for an organizational strategy. In a paper of three to four pages (750-1000 words) of text (not including the title or reference pages), offer your ideas of a pro..
Low labor costs make it competitive outsourcing destination : Country X is a growing economy located in southeast Asia. Although it has a large population, it also has a disproportionately high number of working age people. A large English-speaking workforce and low labor costs make it a competitive outsourcing..
Calculate the retarding force : a car weighing 9800N is moving with the speed of 40km/h. on the application of brakes its comes to rest after traveling a distance of 50m. calculate the retarding force

Reviews

Write a Review

Business Economics Questions & Answers

  Per capita disposable income is expected to decrease

Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.

  What will happen to the value of the dollar

what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.

  Discuss the concept of liberalization

Business Economics (BUSS 1005) - Discuss the concept of liberalization and critically discuss any two potential benefits that Oman economy can gain in pursuit of liberalization strategies.

  Economy into a recession

Based on your understanding, would a sharp increase in taxes or a decline in exports to Europe, in fact, push the U.S. economy into a recession? Explain your reasoning.

  How much does the quantity of household natural gas

If the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?

  Elucidate the effective rate of protection on the process

We do, however, have free trade in corn, which is fermented and distilled to make ethanol, and accounts for approximately 55% of the cost. Elucidate the effective rate of protection on the process of turning corn into ethanol.

  Water cooler the demand also cost estimate

Overhead at the water cooler the demand also cost estimate which were provided at the meeting are very useful.

  Concave utility function

Hugo has a concave utility function of U(W) = W^0.5. His only asset is shares in an Internet start-up company. Tomorrow he will learn the stock's value. He believes that it is worth $144 with probability 2/3 and $225 with probability 1/3. illustrate ..

  How much has personal income changed the last two years

How much has personal income changed the last two years? Identified any problems the government needs to address, and possible solutions?

  What kinds of adjustments would you have to make life

Explain what it would mean for you to move upward and to the left along your personal PPF. What kinds of adjustments would you have to make in your life to make such a movement along the frontier?

  Discuss the advantages of e-commerce

Discuss the advantages of E-Commerce - Discuss E-Commerce and E-Business and how e-business is helping corporates in business.

  The growth of wage labor

Assess the validity of the following assertion: "The growth of wage labor in the Northeast between 1810 and 1850 was a direct consequence of the expansion of slavery in the South."

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd