Explain how has technology changed the balance automation

Assignment Help Macroeconomics

Reference no: EM1338550

Balance between the costs of automation

Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. How would you describe the balance between the costs of automation, or fixed costs, and the costs of labor, or variable costs? How has technology changed the balance between automation and labor? What type of industry benefits the most from technological innovation?

Reference no: EM1338550

Questions Cloud

Explaining the qualities of ideal political leader : Citing specific evidence from Machiavelli's The Prince: identify, and briefly explain, the qualities of the ideal political leader.

The industry financial performance had not be ideal : The industry financial performance had not be ideal last year and Jackson feared that taking this action would cause the financial statements to be even worse.

Global business environment : Discuss how is strategy formulation different in the global business environment.

Determining residual value at the end of project life : How do you determine the residual value at the end of the project life?

Explain how has technology changed the balance automation : Explain how has technology changed the balance between automation and labor. What type of industry benefits the most from technological innovation.

Describe how christian anfinsen''s ribonuclease : define in your own words how Christian Anfinsen's ribonuclease renaturation experiments showed that amino acid sequence determines tertiary structure.

Explaining normal cash flows of project : Assume a project has normal cash flows. All else equal, which of the following statements is correct?

Compute the dissociation rate : Bisphenol A (BPA) binds to estrogen receptor with a Kd of 2.1 x 10-7 M and an association rate of 1.3 x 106 M-1s-1. Calculate the dissociation rate, kd, including appropriate units.

Shifting from sacred to secular : What was the overall significance of the shift from the sacred to the secular? What influences has this shift had in modern Western culture?

User Account

All Pages