The relationship between amount of labor and capital

Reference no: EM13455577

The product to research for this assignment is called the DaVinci, a robotic device surgeons use instead of manually conducting surgery. Write a 280-350 words Address the following topics:

Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.

o Price elasticity of demand

o Technological innovation

o The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity.

Reference no: EM13455577

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