ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Consider a simple economy whose only industry is printing. In this industry, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of documents one worker prints per hour.
In the following table, match each example to the productivity determinant it represents.
 
Examples
Human Capital per Worker
Natural Resources per Worker
Physical Capital per Worker
Technological Knowledge
The knowledge workers receive from training sessions on how to use and repair the printing presses
 
 
 
 
 
The presses used to print documents
 
 
 
 
 
The trees that are used to create pulp for the production of paper
 
 
 
 
 
A way of organizing workers among the printing presses that speeds up the printing process
 
 
 
 
 
 
Consider a simple economy whose only industry is printing. In this industry, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of documents one worker prints per hour.

**In the following table, match each example to the productivity determinant it represents.**

| Examples                                                                 | Human Capital per Worker | Natural Resources per Worker | Physical Capital per Worker | Technological Knowledge |
|--------------------------------------------------------------------------|--------------------------|------------------------------|-----------------------------|-------------------------|
| The knowledge workers receive from training sessions on how to use and repair the printing presses | ⭘                        |                              |                             |                         |
| The presses used to print documents                                      |                          |                              | ⭘                           |                         |
| The trees that are used to create pulp for the production of paper       |                          | ⭘                            |                             |                         |
| A way of organizing workers among the printing presses that speeds up the printing process |                          |                              |                             | ⭘                       |
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Transcribed Image Text:Consider a simple economy whose only industry is printing. In this industry, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of documents one worker prints per hour. **In the following table, match each example to the productivity determinant it represents.** | Examples | Human Capital per Worker | Natural Resources per Worker | Physical Capital per Worker | Technological Knowledge | |--------------------------------------------------------------------------|--------------------------|------------------------------|-----------------------------|-------------------------| | The knowledge workers receive from training sessions on how to use and repair the printing presses | ⭘ | | | | | The presses used to print documents | | | ⭘ | | | The trees that are used to create pulp for the production of paper | | ⭘ | | | | A way of organizing workers among the printing presses that speeds up the printing process | | | | ⭘ |
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