--%>
Assignment Help - homework help

Automation process

I have a problem in economics on Automation process. Please help me in the following question. The procedure of substituting complicated machinery for human labor is termed as: (1) automation. (2) Bionic engineering. (3) Robotics. (4) Scientific management. (5) Industrial sabotage.

   Related Questions in Microeconomics

  • Q : Profit-maximizing level of output When

    When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p

    		•
  • Q : Demanding more labor in competitive fim

    A competitive firm will demand more labor when: (1) technological advances favor automation. (2) the price of the firm's output rises. (3) more firms enter the industry. (4) the value of the marginal product is below the wage rate. (5) workers utilize

    		•
  • Q : Laws and Regulations-caveat emptor I

    I have a problem in economics on Laws and Regulations-caveat emptor. Please help me in the following question. The Latin phrase which means ‘let the buyer beware is: (1) Caveat emptor. (2) Laissez-faire. (3) Fiat justitia and ruat coelum. (4) Epluribus unum. (5)

    		•
  • Q : Derived Demand Can someone help me in

    Can someone help me in finding out the right answer from the given options. Demands for the productive resources are eventually ‘derived’ from the: (i) marginal utility they directly produce. (ii) Demands for the consumer services and goods. (iii) Disutili

    		•
  • Q : Increasing cost industries when

    When resource supply curves facing an industry are positively sloped, in that case the exit of firms which have incurred losses will result in: (w) higher prices and lower output for the industry, although lower average production costs for the surviv

    		•
  • Q : Quantity demanded vary inversely I have

    I have a problem in economics on Quantity demanded vary inversely. Please help me in the following question. The law of demand defines that price and: (1) Quantity demanded differ directly. (2) Quantity demanded differs inversely. (3) Demand differs d

    		•
  • Q : Problem on certainty of punishment

    Raising the severity and certainty of punishment decreases the cheating on examinations. This statement imitates: (1) Misplaced cynicism as this issue is ethical, not economic. (2) Purely normative views of the behavior. (3) Unrealistic expectations regarding student

    		•
  • Q : Short Run-At least one resource is fixed

    Can someone please help me in finding out the accurate answer from the following question. In short run: (1) The quantities of all firm’s resources are variable. (2) Managers are less proficient than they are in long run. (3) At least one of the resources is fix

    		•
  • Q : Economies of Scope exploitation I have

    I have a problem in economics on Economies of Scope exploitation. Please help me in the following question. A retailer providing multiple lines of clothes in a mall is attempting to exploit the economies of: (i) Scope. (ii) Structure. (iii) Scale. (iv) Information. (v

    		•
  • Q : Equality between marginal revenue and

    A profit-maximizing monopolist which does not price discriminate and that faces a demand curve that is higher at some output levels than is the firm’s average variable cost curve finds out price and quantity where: (w) profit pe

    		•