Relationship between productivity and the cost of production Essay

What is the relationship between productivity and the speak to of w be? The relationship between productivity and the cost of mathematical product is your cost per day or per hour compared to your productivity. By examine these two things together. The productivity which is your return for the amount of hours worked compared to the keep down cost of a certain full point you exit be able to reach a break even abstract showing you how much you need to a make minus the total coast to make a certain amount of money.Why is the solicit of labor a derived demand? The request for labor is derivative from the production and demand for the item that is being demanded. If the demand for a particular item increases two things usually take place Most likely the cost of the item lead increase and the demand for manufacture labor impart increase soon the equilibrium price and production numbers will meet What is the relationship between productivity and the wages earned by employees wh ere you work or at an organization with which you are familiar? commonly but not in all cases, the more an employee produces the more worthy they are because they are adding value to the company but this is not endlessly true and example would be a sweat shop . What are some factors that determine the level of your income? Explain your answer. A mortals level of education an example will be someone with a Masters degree with is valued more than someone with a high school diploma.A persons special aptitude set will be in high demand out-of-pocket to the scarcity of being able to replace them and how long it took to gain the fellowship they have, an example would be a highly skil direct brain surgeon. in like manner the amount of danger involved in doing a certain job, thither are certain jobs that are extremely dangerous and not umpteen people are willing to do them so the demand for the person who will do it would be high, example would be cleaning the windows of the Burj Kh alifa structure in Dubai.Describe an example you are familiar with in which a technological innovation led to an improvement in productivity. What was the effect on the cost of doing business or activity in which this technology was assiduous? How did this affect the prices of related inputs? There are many technology innovations which led to improved productivity but the one that stands out most in my mind would be the cell phone. Before cellphones people had to stay in touch through either a land line or a public phone.The cell phone made the need for both of these obsolete. When cell phones first came out they were very expensive and only a select few had them, today people change cell phones cod to the low cost, like they buy a new pair of sneakers. at onces cell phones are like mini computers, they give gross sales men, business deals, and anyone else constant access to information and to one another, this alone raises productivity.