Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of lines of code one programmer authors per hour.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of lines of code one programmer authors per hour.

### Productivity Determinants Table

In the following table, select the appropriate productivity determinant that represents each example.

| Examples                                                                 | Human Capital per Worker | Natural Resources per Worker | Physical Capital per Worker | Technological Knowledge |
|--------------------------------------------------------------------------|--------------------------|-----------------------------|-----------------------------|--------------------------|
| The rare earth metals that serve as inputs to production of computers    | ⭘                        | ⭘                           | ⭘                           | ⭘                        |
| The server hardware on which data is stored                              | ⭘                        | ⭘                           | ⭘                           | ⭘                        |
| An autocomplete plug-in that allows programmers to write code more rapidly | ⭘                        | ⭘                           | ⭘                           | ⭘                        |
| The additional education workers receive from new computer science course offerings | ⭘                        | ⭘                           | ⭘                           | ⭘                        |

*Note: Each row contains circles to denote selection options under each category of productivity determinants.*
Transcribed Image Text:### Productivity Determinants Table In the following table, select the appropriate productivity determinant that represents each example. | Examples | Human Capital per Worker | Natural Resources per Worker | Physical Capital per Worker | Technological Knowledge | |--------------------------------------------------------------------------|--------------------------|-----------------------------|-----------------------------|--------------------------| | The rare earth metals that serve as inputs to production of computers | ⭘ | ⭘ | ⭘ | ⭘ | | The server hardware on which data is stored | ⭘ | ⭘ | ⭘ | ⭘ | | An autocomplete plug-in that allows programmers to write code more rapidly | ⭘ | ⭘ | ⭘ | ⭘ | | The additional education workers receive from new computer science course offerings | ⭘ | ⭘ | ⭘ | ⭘ | *Note: Each row contains circles to denote selection options under each category of productivity determinants.*
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Technological Changes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education