FARE 3310 Lecture Notes - Lecture 2: Taco Bell, 8 Seconds, Factors Of Production
24 Oct 2014
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Quality may change while the quantity of inputs and outputs remains constant. External elements may cause an t t increase or decrease in productivity. Precise units of measure may be lacking l l l l. Labour - contributes about 10% of the annual increase. Capital - contributes about 38% of the annual increase. Management - contributes about 52% of the annual increase. About half of the 17--yearyear--olds in the u. s. cannot. About half of the 17 olds in the u. s. cannot correctly answer questions of this type correctly answer questions of this type. Labor productivity: basic education appropriate for the labor force, diet of the labour force, social overhead that makes labor available. Challenge is in maintaining and enhancing skills in the midst of rapidly changing technology and knowledge. 6 y t i v i t c u d o r p n i e s a e r c n i t n e c r e.
