In manufacturing, does worker productivity drop on Friday? In an
effort to determine whether it does, a company’s personnel
department randomly selects from a manufacturing plant five workers
who make the same part. They measure their output on Wednesday and
again on Friday and obtain the following results.
Worker
Wednesday
Output
Friday
Output
1
72
53
2
56
47
3
75
52
4
67
55
5
74
55
They use α = 0.05 and assume the difference in
productivity is...
If you are a worker how does an increase in the capital stock
affect you even if you own no capital?
If you are not a worker but own capital how does an increase in
the number of workers affect you?
How would immigration affect the two groups (owners of labor and
owners of capital)?
1) Part A: How do we measure labor
productivity? How do changes in labor productivity affect the U.S.
standard of living? Does an increase in labor productivity always
leads to an increase in standard of living, explain?
Part B: According to the life-cycle hypothesis, what
is the typical pattern of saving and spending for an individual
over his or her lifetime? What impact does this pattern have on the
saving rate in the overall economy?
In a problem you're computing labor productivity (also known as
worker productivity) for Germany. in U.S. dollars. They are very
prosperous, like the U.S. The number you come up with is $900,000.
Is this a reasonable value?
how
does the productivity of the U.S realte to other countries?
why is our productivity at the persistent levels compared to
other countries?
how does the u.s productivity affect you personally?
How does economics measure productivity? Why is productivity the
key to long-run economic growth? How is productivity driven by
physical capital, human capital and technological progress
What is the law of diminishing marginal productivity? How does
the law of diminishing marginal productivity affect the cost of
productions? Provide an example from your workplace.