Over the last several decades improvements in computer software, hardware and robotics have dramatically altered the ability of machines to do complex repetitive tasks. i) Discuss the implications for semi-skilled skilled workers as a result of this improvement. ii) Discuss how the cost of the new technology influences the choice of inputs used in production and the rate of adoption of the new technology.

Over the last several decades improvements in computer software, hardware and robotics have dramatically altered the ability of machines to do complex repetitive tasks. i) Discuss the implications for semi-skilled skilled workers as a result of this improvement. ii) Discuss how the cost of the new technology influences the choice of inputs used in production and the rate of adoption of the new technology.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 3SQ

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