'Relationship between productivity and the cost of production Essay\r'

'What is the relationship between productiveness and the speak to of production? The relationship between productivity and the cost of production is your cost per day or per hour comp bed to your productivity. By examine these two things together. The productivity which is your proceeds for the step of hours worked compared to the total cost of a certain item †you bequeath be fitted to reach a â€Å" display even analysis” showing you how often you need to a make disconfirming the total coast to make a certain amount of m one(a)y.\r\nWhy is the pray of labor a derived take? The pass along for labor is derivative from the production and beg for the item that is being demanded. If the demand for a particular item accessions two things unremarkably take place †Most in all probability the cost of the item impart increase and the demand for manufacture labor will increase soon the equilibrium set and production numbers will fall in What is the relationsh ip between productivity and the requital earned by employees where you work or at an organization with which you are old(prenominal)?\r\nUsually but not in all cases, the more an employee produces the more blue-chip they are because they are adding value to the caller but this is not always dead on target and mannequin would be a sudor shop . What are some factors that regulate the level of your income? Explain your answer. A soulfulness’s level of education an compositors case will be; someone with a Master’s degree with is treasured more than someone with a higher(prenominal) school diploma.\r\nA individual’s special skill set will be in high demand due to the scarcity of being able to replace them and how long it took to gain the fellowship they have, an example would be a super skilled brain surgeon. Also the amount of danger involved in doing a certain job, there are certain jobs that are extremely dangerous and not many people are automatic to do them so the demand for the person who will do it would be high, example would be cleaning the windows of the Burj Khalifa building in Dubai.\r\nDescribe an example you are old(prenominal) with in which a technological mutation led to an improvement in productivity. What was the military group on the cost of doing strain or activity in which this technology was sedulous? How did this affect the prices of related inputs? There are many technology innovations which led to ameliorate productivity but the one that stands place most in my mind would be the cellphonephone holler. Before cellphones people had to go along in touch through all a land line or a public phone.\r\nThe cell phone made the need for both of these obsolete. When cell phones first came out they were very overpriced and only a select fewer had them, today people change cell phones due to the low cost, interchangeable they purchase a new pair of sneakers. forthwith’s cell phones are like m ini computers, they give sales men, business deals, and anyone else constant access to information and to one another, this alone raises productivity.\r\n'