Ask Question
7 November, 16:44

Suppose workers attend several skill-building workshops, increasing their labor productivity. how is this represented by a production possibilities frontier?

+2
Answers (1)
  1. 7 November, 17:00
    0
    The increase in labour productivity either by the use of new technology or new techniques can be plotted up for a given product and compared with the old productivity without the increase to build up a production possibilies frontier curve to show how production increases accordingly and if possible, project it into the future somewhat.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose workers attend several skill-building workshops, increasing their labor productivity. how is this represented by a production ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers