tion 4 There was a manufacturing productivity on the Nash production line which was about 349 units per hour in 2020. In 2021, the manufacturing productivity was 252 units per hour due to pandemic. What was the productivity growth from 2020 to 2021? ho Note: Round up to the last 2 decimals. example 9.65689.66 Answer Ne 9
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- Say that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico. If the productivity of U.S. workers grows at 2 for 25 years and the productivity of Mexicos workers grows at 6 for 25 years, which country will have higher worker productivity at that point?Refer back to the Work It Out about Comparing the Economies of Two Countries and examine the data for the two countries you chose. How are they similar? How are they different?Explain what the Industrial Revolution was and where it began.
- Pitt 2224 X BIOS X Б Ansv X Recr X (15) X Bio Micro The X A My ( xuli Ecor x Micr X Chem II N Hom X Mail x G bud x + production-gradescope-uploads.s3-us-west-2.amazonaws.com/uploads/pdf_attachment/file/65133311/2022s_Recitation_2_Activity.pdf?X-Amz-Algorithm=AWS4-HM... A Apps M Gmail YouTube Maps KnightCite Citatio... Charles Schwab O job E Reading List Microsoft Word - 2022s Recitation 2 Activity 1 / 2 110% + | 0 O Recitation Activity 2: Utility Maximization & Demand Name: Part 1: Utility Maximization Bart and Maggie are Pitt students who are allocating their budget for carrying bags between plastic bags, which cost $0.25 each, and the Pitt ByoBag, which costs $6 each. They each have a budget of $18 to cover the cost of carrying bags over the 30 week semester. 1 MAGGIE (Budget = $18) Plastic Bags ВyoBags MU Quantity Total MU/S Quantity Total MU MU/S Utility (Р-6) Utility (P=.25) 1 144 144 24.00 1 10 10.00 40.00 168 24 4.00 12 40 2.00 8.00 3 180 12 2.00 24 55 1.00 4.00 4 186 1.00 48 70…worn out in the production process. ment Now IzMe: Section 2.7 uge your comprehension of this section. To begin, please click the wnward arrow located at the top right of this box. Assignment Score: 0.00% Submit Assignment for Grading Save ns tu2et10h_Ch02_Sec07.02m « Question 2 of 3 » Check My Work Three different economies have made choices about the production of capital goods. Which of the following is most likely to produce the greatest growth in the production possibilities curve (PPC)? O a. Less production of capital goods than what is needed to replace worn-out capital. Ob. Capital goods produced at the exact rate needed to replace worn-out capital. c. More production of consumption goods that replace worn-out capital. O d. Greater production of capital goods than what is needed to replace worn-out capital. MacBook Air DD F6 EZ F8 F9 F10 F11 F12 & * 6 7 8 { P + 000e ncia.wwnorton.com b. Per capita real GDP doubled in South Korea again in only seven years, reaching $1600.00 by 1988.00. What was the average annual economic growth rate between 1981 and 1988.00? (NOTE: Round this to two places past the decimal point.) % 4th attempt 3rd attempt Okay Elizabeth 4 8 Q W E Y U P @ 23 & return A F G H J K % ! V N M .?123 .?123
- What were the sources of labor productivity growth in the U.S. economy during the sixty years since 1960? How did the 1960s differ from the more recent decades? During the sixty years since 1960, the sources of labor productivity growth include O A. plastics, the laser, and the computer during the 1960s, and the Internet during later years O B. the focus on saving energy during the 1970s O C. the wide-spread introduction of the Internet during the 1970s O D. the global financial turmoil of 2008-2009 that made labor more productive Comparing the 1960s to the more recent decades, labor productivity growth than in subsequent decades. O A. in the 1960s was approximately 25 percent higher O B. in the 1960s was smaller C. due to technological change was smaller in the 1960s O D. due to physical capital and human capital growth was greater in the 1960s Click to select your answer. MacBook ATable 3-2 Hours Needed to Make 1 Unit of Number of Units Produced in 20 Hours Pastrami Milk Pastrami Milk England 1 4 20 5 France 5 2 4 10 Refer to Table 3-2. Assume that England and France each has 20 labor hours available. If each country divides its time equally between the production of cheese and wine, then total production is a. 12 units of pastrami and 7.5 units of milk. b. 20 units of pastrami and 12 units of milk. c. 12 units of pastrami and 20 units of milk. d. 20 units of pastrami and 7.5 units of milk.QUESTION 20 Refer to the information to answer this question. What is the percentage increase in productivity between 2020 and 2021? Output Labour Inputs 1,300 units 1,350 units A. 3.8% B. 5.2% C. 8.3% OD. 12.5% Year 2020 2021 15,600 tonnes 17,550 tonnes
- Y7 Using the following question: "Is the value of the final goods determined by the factors of production OR does the value of the final Goods determine the value of the factors of production?" How were the Marginalists different than previous economists?YIN CN Next question Suppose that the production function is given by Y- 05VR N 454 where Y is output, Kis capital, and N is the number of workers 4 Suppose that 60 05 With your favonte spreadsheet software, compute steady-state output per worker and steady-state consumption per worker for s 0, 801, a02, s1 Graph the steady-state level of output per worker and the steady-state level of consumption per worker as a function of the saving rate 25 1) Using the multipoint curve drawing tool, drawa curve showing the relationship between YIN and the saving rate. Properly label your curve 15 2) Using the multipoint curve drawing tool, draw a curve showing the relationship between CIN and the saving rate. Properly label your curve 0.5 Although the control ponts for your multpownt curves do not have to be exact try to plot them as accurately as possible 01 02 03 a'4 os o6 07 os 09 Saving rate, At what saving rates are YIN and CIN maximized? After plotting the final point of your multipoint curve…Suppose that 10 workers were required in 2010 to produce 40,000 bushels of wheat on a 1,000-acre farm. a. What is the average output per acre? Per worker? b. If in 2020 only 8 workers produce 44,000 bushels of wheat on that same 1,000-acre farm, what will be the average output per acre? Per worker? c. By what percentage does productivity (output per worker) increase over those 10 years? Over those 10 years, what is the average annual percentage increase in productivity?