Substituting machinery for human labor

Substituting sophisticated machinery for human labor is termed as: (1) automation. (2) industrial sabotage. (3) kinetic engineering. (4) outsourcing. (5) robotics.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Managerial Economics

Q : What are the responsibilities of

What are the responsibilities of managerial economists?

Q : Explain the Geometric Method of

Explain the Geometric Method of Measurement of Elasticity.

Q : Explain the aspects of operational or

Explain the aspects of operational or internal issues.

Q : Recovery - Phases of business cycle

Explain about the term Recovery in phases of business cycle.

Q : Formation of cartels Cheating on

Cheating on agreements is a common problem along with firms which engage in the formation of: (1) predatory prices. (2) game theory groupings. (3) cartels. (4) pure competition. (5) asymmetric payoffs. Can someone explain/help me w

Q : Diminishing Returns and Increasing Costs

I have a problem in economics on Diminishing Returns and Increasing Costs. Please help me in the following question. The concave (or bowed out) production possibilities frontier means that the opportunity costs are: (i) Constant (ii) Increasing (iii)

Q : Define the term full cost concept

Define the term full cost concept.

Q : What did professor Marshall illustrates

What did professor Marshall illustrates about Law of Demand? Answer: According to Marshall “the amount demanded raises along with reduces in price and diminish

Q : Statements about Human Capital Which of

Which of the given statements is not CORRECT: (w) Acquiring productive skills is known as investment in human capital. (x) General training increases a worker’s marginal productivity equally for many firms. (y) Specific training increases the productivity of the

Q : Explain important question regarding

Illustrates the important question regarding the managerial economics?

Discover Q & A

Leading Solution Library

Avail More Than 1439924 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928627
Asked

3,689

Active Tutors

1439924

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment