Select one: O a. Producers in France would receive extra profit by adopting a labour-saving technology O b. From the mid-seventeenth century on, workers in England became steadily more expensive to hire than capital goods O c. The price of capital may have been relatively lower in England than in France O d. Workers were relatively more expensive to hire in England, compared to other countries
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- What do economists mean when they refer to improvements in technology?Suppose you sell items on a web site like Etsy and making them requires you to rent some equipment costing $1000 per year as a fixed cost. The materials for making these items cost $30 per item as a variable cost, and you sell them for a price of $50 each. What number of items D' must you make and sell each year for you to breakeven on the cost of this activity? You may be able to raise your sales price and then sell fewer items to maximize profit. Since other people make and sell similar items, a higher price lowers the demand for your product according to the price function p = $120 - 1.5 D. What is the profit maximizing number of items D* that you would need to make and sell to maximize profit? What is the profit earned for the annual number of items made and sold in part b?What is the purpose of environment, social and economic metrics inevaluating technology? Give some examples of environment, social andeconomic metrics. note: this is material about engineering sustainability
- please explain so I can understand. Engineering EconThe table below shows the costs incurred at Polly's potato farm. Complete the table. >>>Answer to 2 decimal places. L 0 1 2 3 4 4000-60 2017 0-0000-0000-0000 TP TVG TC 0 0 70 32 92 212 292 30 60 90 130 AFC 120 190 2.19 160 0.33 AVC ATC 0.94 3.13 0.65 1.41 0.24 0.41 0.75 MC 0.94 0.50 0.25Be the benefit funcțiop B (K, L) -44K +11 KL: 2 L, wherek is the amount used Capital and the amounf used of work. aitidad uLiizada de (a) Demonstrate that the functional equation B (K, 1)LB (6,3) defines Kas a function of Lin an environment of the Point (6.3). (b) If the employee amount of the INPUTI increases lunit, how much does the amount have to increase or decrease? Employee of INPUT Kto maintain constant benefit?e? (c) if the employee amount of INPUT Lincreases by 1%, how much does the amount have to increase or decrease? Employee of INPUTK to maintain constant benefit? te? de aultientar o dismnur la cantidad islirlfuur la cantidad
- Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level of $25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1% per year while worker productivity intheUKgrows3%peryear.Afterfiveyears,whowill have the higher productivity level, and by how much?How long it will take for the cost of the investment to be recovered from its benefits is referred to as profitability. O True O FalcePls answer as soon as possible, thank you What is an engineering economy? Give 5 examples of its application.
- Explain, Engineering EconGoogle Chrome /ui/evo/index.html?deploymentld%3567367191157146081391041129998&elSBN=9781337096607&snapshotld%3D1586258&id3D709153691& Q Search this course CENGAGE MINDTAP Homework (Ch 13) Back to Assignment Attempts: Average: /5 2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,330 million. Enter the amount for investment. Value National Income Account (Millions of dollars) Government Purchases (G) 350 Taxes minus Transfer Payments (T) 455 Consumption (C) 700 Investment (I) Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. hp ho 12 ins prt sc delete bomeShoes and Bicycles PPF Bicycles per Year 5,000 4,000 3,000 2,000 1,000 0 A B 10,000 Shoes and Bicycles PPF E 30,000 Shoes-(in pairs) per Year 40,000 20,000 C 50,000 D 60,000