Economics (9-1) - 0987 CIE

Firms And Production

Akopọ

Why does one factory churn out millions of identical bottles while a tailor sews a single suit by hand? Firms choose how to produce, and that choice shapes their costs, their output and the jobs they create. Behind every product lies a decision about which method, and how much, to produce.

In this lesson you will learn what influences how much firms produce, the different methods of production they can choose, and a distinction examiners love to test: production versus productivity. You will also see how investment can raise productivity and why that matters for the whole economy.

Awọn Afojusun

  1. influences to include demand for the product, the price of different factors of production, their availability and their productivity
  2. reasons for adopting the different forms of production
  3. advantages and disadvantages of the different forms of production
  4. the difference between production and productivity
  5. influences on production and productivity
  6. effects of changes in investment on productivity

Akọ̀wé Ẹ̀kọ́

Firms turn resources into the goods and services we use, and how efficiently they do it decides prices, wages and living standards. The production versus productivity distinction is one of the most commonly tested ideas in the course, and getting it right, along with the influences on production, unlocks marks across the whole firms section.

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Ìdánwò Ẹ̀kọ́

Oriire fun ipari ẹkọ lori Firms And Production. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.

  1. Productivity is best defined as: A. total output B. output per unit of input C. the number of workers D. the price of a product Answer: B
  2. A factory of 20 workers produces 800 units. Labour productivity is: A. 800 units B. 20 units C. 40 units per worker D. 16000 units Answer: C
  3. Making a single custom-made item at a time is called: A. flow production B. batch production C. job production D. mass production Answer: C
  4. Which is most likely to raise labour productivity? A. hiring more workers at the same skill level B. investment in new machinery and training C. a fall in demand D. higher factor prices Answer: B
  5. A firm hires more workers and total output rises, but output per worker is unchanged. This means: A. productivity has risen B. production has risen but productivity has not C. both have fallen D. productivity has fallen Answer: B

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
Oluranlọwọ ẹkọ ti AI ṣe agbara rẹ
Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
O wa lori Android, Windows, macOS, ati Linux

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
Oluranlọwọ ẹkọ ti AI ṣe agbara rẹ
Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
O wa lori Android, Windows, macOS, ati Linux

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Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Firms And Production? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.

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