Why is technology such an important part of the labor market

Assignment Help Business Economics

Reference no: EM131005383

Why is technology such an important part of the labor market? Do you think technology makes workers more or less productive and how does it relate to their wages?

Reference no: EM131005383

Questions Cloud

Long run decisions of a firm that has production function : Suppose we now care about the long run decisions of a firm that has a production function of the form q = 4L^1/2 + K. What are the optimal choices of inputs for this firm? Do you find something unusual what compared to the optimal choices for q = 10 ..

Perfectly competitive firm-firms profit at this quantity : Suppose you manage a perfectly competitive firm. Your short-run total cost is given by the following: TC=200+2q2, where q is the quantity produced by your firm. Given this total cost, the firm's short-run marginal cost is given by: MC=4q. If the mark..

Determine the price at which builders : What pretax amounts related to the lease would Builders report in its income statement for the year ended December 31, 2011?

Production depends heavily on low-skilled labor : Name two products and two services whose production depends heavily on low- skilled labor. b. What would happen to the wages of the remaining low-skilled, legal workers after the deportations? c. What would happen to the prices of the goods and servi..

Why is technology such an important part of the labor market : Why is technology such an important part of the labor market? Do you think technology makes workers more or less productive and how does it relate to their wages?

Law is constitutional using analysis of fundamental : From FDR's Folly Chapter 15: Explain and critique the current policy of the Supreme Court in determining whether or not a law is constitutional using analysis of fundamental and non fundamental rights, and give two examples each of fundamental and no..

Explain why there was not widespread support : From FDR's Folly Chapter 13: Explain why there was not widespread support for a U.S. federal pension plan prior to 1935. Explain why there is a pervasive misunderstanding that citizens who have paid Social Security taxes are entitled to benefits when..

Optimal combination of college credits and drama classes : Each term, Dana, a student at Cabrini Community College has a budget of $4,000 she can spend on college credits and drama classes. Each college credit costs $200, while a drama class costs $100. Dana considers college credits an imperfect substitute ..

The present value of the lease payments : In each scenario, indicate whether Ouachita would classify the lease as an operating lease or capital lease under U.S. GAAP. Assume the lease agreement has not met any of the other criteria of a capital lease. Provide brief explanations.

User Account

All Pages