Why do we call education a customer input technology? Is the same true of the production...
Why do we call education a customer input technology? Is the same true of the production of a normal commodity good, like automobiles?
Homework Answers
We call education a customer input technology because an input technology is something that helps in increasing the production of output. Education increases human capital efficiency by imparting knowledge and technical know-how. It increases the production possibility frontier and thus increases output. It helps in increasing productivity and efficiency of output.
Yes , The same true of the production of normal commodity goods, like automobiles. Here the input is labor force with technical know-how (gain from education) like engineers that works with machines(physical capital) for the production of automobiles.With the given amount of resorces(skilled labor(human capital), education works as an input , we can produce more and more amount of output(Automobiles)
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Why do we call education a customer input technology? Is the
same true of the production...
how do you envision technology enhancing patient or customer education in the clinical setting?
how do you envision technology enhancing patient or customer education in the clinical setting?
1. A customer service call center uses customer service representatives (L) and rents computer software technology...
1. A customer service call center uses customer service representatives (L) and rents computer software technology (K) to serve customer calls. Servicing each customer call requires exactly 1 hour of the representative's time and exactly 30 minutes (or half hour), of running the software application. Let Q represent the number of customers served in a day. The hourly wage and rental rate for L and K are w = $10, r = $40. a) Draw the isoquant that represents this...
Suppose that two countries, A and B, employ the same technology in the production of a...
Suppose that two countries, A and B, employ the same technology in the production of a good. External economies of scale apply in both countries. Analyze the effects of trade on long-run production levels if country A has a comparatively lower cost of production when trade begins. (Why some answers say that B has a comparative advantage?)
Why do special educators and general educators need to know about special education law and technology?
Why do special educators and general educators need to know about special education law and technology?
Discussion post I would not call the student a customer, but they are most definitely a...
Discussion post I would not call the student a customer, but they are most definitely a stakeholder. It's one argument that a customer would be the person or organization who hires the student would be a customer, but it's much easier to consider a student a stakeholder. In this way, we can also include the organization that hires the student, faculty who teach the student, and even potentially the bank that provided the student loans, parents, and many other possibilities....
Why do we call medical care “healthcare”?
Why do we call medical care “healthcare”?
We can infer the characteristics of the production technology by observing the responses of rational producers to input...
We can infer the characteristics of the production technology by observing the responses of rational producers to input and output prices. Describe how this is possible using the example of a producer producing an output y using one input . How would you draw inferences about y = f(x) based on the pro duction decisions of a producer or producers. Use a diagram to illustrate your answer and state any assumptions you make.
Consider two firms, X and Y in the same industry who use the same production technology....
Consider two firms, X and Y in the same industry who use the same production technology. To produce the same level of output, say 1000 pairs of bars, X uses more capital than Y and Y uses more labor than X. Suppose both companies pay the same wage to their employees: w = 15: (Unless otherwise stated, assume that all firms choose their input levels optimally) (a) Which company is paying a lower rent? Why? & Which company has a...
Explain why we need payment reform. What do we call the traditional method for paying providers...
Explain why we need payment reform. What do we call the traditional method for paying providers retrospectively and how did that work? What do we call the newer method for paying providers that happens prospectively and how does that work? How do these payment systems create different incentives for providers? What other new payment models are being tested to see if they can improve health care outcomes?
6. Why can we combine EcoR1 and Pstl in the same reaction? Why? Could we do...
6. Why can we combine EcoR1 and Pstl in the same reaction? Why? Could we do a double digest with any two enzymes? Why or why not?
1. A customer service call center uses customer service representatives (L) and rents computer software technology (K) to serve customer calls. Servicing each customer call requires exactly 1 hour of the representative's time and exactly 30 minutes (or half hour), of running the software application. Let Q represent the number of customers served in a day. The hourly wage and rental rate for L and K are w = $10, r = $40. a) Draw the isoquant that represents this...
We can infer the characteristics of the production technology by observing the responses of rational producers to input and output prices. Describe how this is possible using the example of a producer producing an output y using one input . How would you draw inferences about y = f(x) based on the pro duction decisions of a producer or producers. Use a diagram to illustrate your answer and state any assumptions you make.
6. Why can we combine EcoR1 and Pstl in the same reaction? Why? Could we do a double digest with any two enzymes? Why or why not?
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