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Q: What are the advantages and disadvantages of division of labour?
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Q: Average labour productivity is equal to
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Q: What are the disadvantages of division of labor?
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Q: t is an ideal industrial society?
A: Answer is given below
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Q: Are unions and technological improvements complementary?
A: Unions - It is the action of joining.
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Q: What is division of labour? Discuss some of the types of division of labour?
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A: Personnel is the people or individuals employed in the company in exchange for a fixed payment.
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Q: Distinguished labor standard from labor relations.
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A: There are four levels of competition.
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Define the term High degree of division of labor and specialization?
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- What are the advantages and disadvantages of division of labour?Show graphically why the problem of outsourcing production to China, Mexico and elsewhere is a good move economically for many companies: (consider isoquant and isocosts maps for USA and for China)Discuss the concept of production theory. Relate it to goals of minimizing the loss and maximizing profitability
- What is the difference between resource labor and resource entrepreneurship?Can labor specialization be a source of economies of scale (size) within a production plant? Why or why not? Can labor specialization be a source of diseconomies of scale (size)?Practice Question 1 • If the price of the product is GH¢2.00 and cost per unit of labour is GH¢10.00, Complete the table below. Labour unit MRP - MLC Marginal Product Total Average Total Marginal Total TRP -TLC Marginal Labour Cost Product Product Revenue Revenue Labour Cost Product Product 1 10 10 25 20 3 45 30 4 60 40 70 50 6. 75 60 7 78 70 8. 80 80