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Illustrating a Technological Shift
Imagine a company that manufactures 500 smartphones per day. Describe a change in its production process that would represent the adoption of a labor-saving technology. Be specific about the number of workers and at least one other input (e.g., robotic arms) both before and after the change, ensuring the daily output remains the same.
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CORE Econ
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.2 Technology and incentives - The Economy 2.0 Microeconomics @ CORE Econ
Creation in Bloom's Taxonomy
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Adoption of Labor-Saving Technology during the Industrial Revolution
A textile mill produces 100 meters of cloth and is considering changing its production method. The table below outlines four different technologies, showing the number of workers and tons of coal required for each. Which of the following changes constitutes an adoption of a labor-saving technology?
Analysis of Production Technology Shift
Furniture Factory Production Choice
A factory produces 500 cars per week. It currently uses a production method requiring 200 workers and 30 robots. The factory manager is considering a new method that would produce the same 500 cars per week but would require 150 workers and 45 robots. This switch to the new method would be considered an adoption of a labor-saving technology.
Illustrating a Technological Shift
A company is evaluating several potential changes to its production process for making 1,000 units of a product per day. Match each proposed change to the most accurate description of its effect.
Evaluating a Production Change
Analyzing the Adoption of a New Production Process
A farm that produces 1,000 bushels of wheat per day switches from a manual harvesting process that requires 20 workers to a new process using a combine harvester that requires only 3 workers to produce the same amount. This change is an example of adopting a ____ technology.
A manufacturing firm produces 1,000 widgets per day. Over several years, it has the opportunity to adopt different production methods, each with different input requirements. Arrange the following methods in a logical sequence that represents a consistent path of adopting increasingly labor-saving technologies.