Learn Before
Identifying and Eliminating Dominated Technologies
The first step for a firm in choosing a production technology is to identify and eliminate any options that are obviously inferior. A technology is considered 'dominated' if another available technology can produce the same level of output using a smaller quantity of at least one input without using more of any other inputs. This process allows the firm to narrow its focus to only the most efficient, non-dominated technologies.
0
1
Tags
Social Science
Empirical Science
Science
Economy
CORE Econ
The Economy 1.0 @ CORE Econ
Ch.2 Technology, Population, and Growth - The Economy 1.0 @ CORE Econ
Economics
Introduction to Microeconomics Course
Ch.2 Technology and incentives - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
Related
Relative Input Intensity of Technologies
Adoption of a Labor-Saving Technology
Identifying and Eliminating Dominated Technologies
Firm's Goal: Profit Maximization
A firm is evaluating different methods to produce 100 units of a product. The table below shows the required inputs for four different technologies. Based on the principle of eliminating clearly inferior options, which technology is 'dominated' and would therefore not be chosen by the firm?
Optimizing Production at a Steel Plant
Identifying Efficient Production Methods
A firm is analyzing five potential technologies to produce a specific quantity of goods. The required inputs for each technology are shown in the table below.
Technology Number of Workers Tonnes of Coal A 1 6 B 4 2 C 3 7 D 5 5 E 10 1 Which of the following statements provides an accurate analysis of the relationships between these technologies based on the principle of eliminating clearly inferior options?
A manufacturing firm is evaluating four different technologies to produce a standard widget. The table below shows the required inputs (Labor hours and Machine hours) for each. Match each technology on the left with its correct description on the right based on the principle of eliminating clearly inferior options.
Technology Labor Hours Machine Hours A 3 7 B 4 8 C 6 4 D 3 9 A textile factory is considering two different weaving looms to produce 100 meters of fabric. Loom A requires 2 operators and 8 kWh of electricity. Loom B requires 3 operators and 7 kWh of electricity. Evaluate the following statement: 'Based on the principle of eliminating clearly inferior production methods, Loom A is a 'dominated' technology compared to Loom B.'
Advising a New Bakery on Production Efficiency
Filtering Production Options
When a firm evaluates different production methods, it will not choose a technology that is considered ________, because an alternative method exists that can produce the same amount of output using a smaller quantity of at least one input without using more of any other inputs.
A manager at a manufacturing plant needs to choose the most efficient way to produce 500 widgets. Several production technologies are available, each with different labor and energy requirements. Arrange the following steps in the logical order the manager should follow to first eliminate any clearly inferior options before making a final decision.
Definition of a Labor-Saving Technology
The Firm's Goal: Profit Maximization and Cost Minimization
Two-Step Process for Technology Selection
Firm's Goal: Profit Maximization and Cost Minimization
Learn After
Non-Dominance of Technology E
Technology A Dominates Technology C
Technology B Dominates Technology D
Choosing a Technology Based on Relative Input Prices
A company manufactures 100 computer keyboards per day and is evaluating four different production technologies. Each technology uses a specific combination of robotic assembly hours and human labor hours to produce the same output. Based on the goal of eliminating technically inefficient options, which technology should the company immediately discard because it is dominated by another available technology?
Technology Robotic Assembly Hours Human Labor Hours A 2 12 B 4 7 C 5 8 D 7 5 A firm is evaluating different technologies to produce 1,000 units of a product. The input requirements for three potential technologies are shown in the table below.
Technology Machine Hours Labor Hours X 5 10 Y 7 8 Z 6 11 Evaluate the following statement: 'Technology X is dominated by Technology Y.'
Utility Pricing Strategy Analysis
A factory produces 500 widgets per hour. It is considering several production technologies, each using a different combination of labor and machine hours. Based on the table below, match each technology with the correct description of its efficiency relative to the other options.
Technology Labor Hours Machine Hours Alpha 2 8 Beta 3 5 Gamma 4 6 Delta 5 2 Production Efficiency for a Coffee Roastery
Technological Efficiency Analysis
A firm is analyzing five different production technologies (A, B, C, D, and E) to produce 100 units of a product. The coordinates below represent the required units of labor and capital for each technology: (Labor, Capital).
- Technology A: (2, 8)
- Technology B: (4, 5)
- Technology C: (5, 6)
- Technology D: (7, 3)
- Technology E: (9, 2)
Based on the principle of eliminating technically inefficient options, which technology is dominated by another available technology?
Designing a Dominant Production Technology
Manufacturing Firm's Technology Choice Analysis
Evaluating a Production Manager's Decision
A factory produces 500 widgets per hour. It is considering several production technologies, each using a different combination of labor and machine hours. Based on the table below, match each technology with the correct description of its efficiency relative to the other options.
Technology Labor Hours Machine Hours Alpha 2 8 Beta 3 5 Gamma 4 6 Delta 5 2