Script Pro produces robots that are sold to retail pharmacies. Among other things the robotsprint and apply the prescription and auxiliary labels and delivers uncapped vials for final inspection using on-screen drug image verification
The manager of the pharmacy is trying to calm his workers' fear that their jobs are in jeopardy if he starts using these robots. What economic explanation could the manager use to assuage the fears of his employees that their jobs are in jeopardy.
The robots appear to be a substitute for labor. And in fact they very well may just that. However, they are also a complement to labor. Now workers in the pharmacy have more free time to use performing other tasks. This may actually increase their productivity to the pharmacy and make them more valuable to the employer.
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Generally, investors expect that projects with high expected net present values also will be projects with
a. low risk b. high risk c. certain cash flows d. short lives e. none of the above
The players of prisoner's dilemma-type games:
A. have a dominant strategy to never cooperate. B. would be much better off if they could cooperate. C. have an incentive to never cooperate. D. All of these statements are true.
One reason earnings tend to fall before retirement age is that
A. people are retiring earlier. B. firms discriminate against older workers. C. people tend to reduce the number of hours they work after age 50. D. the experience of people is no longer valuable after they are 50 or 55.
Refer to the information. The average total cost of 3 units of output is:
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.
A. $65.
B. $21.67.
C. $40.
D. $35.