Assume that an economy produces only two goods, pizza and wings. Place the events in order, to show how an improvement in pizza-making technology would lead to an increase in wing production.

Workers are available to make more wings.

Better pizza-making technology is developed

Fewer workers are needed to make as much pizza as before, or even more.

More workers making wings mean increased wing production.

Some workers are no longer needed for pizza-making.

Question

Business

Branden Hahn

11 November, 16:16

Assume that an economy produces only two goods, pizza and wings. Place the events in order, to show how an improvement in pizza-making technology would lead to an increase in wing production.

Workers are available to make more wings.

Better pizza-making technology is developed

Fewer workers are needed to make as much pizza as before, or even more.

More workers making wings mean increased wing production.

Some workers are no longer needed for pizza-making.

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Answers (1)

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Paloma Bowman · Answer 1

1. Better pizza-making technology is developed.

2. Fewer workers are needed to make as much pizza as before, or even more.

3. Workers are available to make more wings.

4. Some workers are no longer needed for pizza-making.

5. More workers making wings mean increased wing production.

Explanation:

This economy is producing only two goods, pizza and wings. The limited resources are to be used to produce these two goods only. Now, in case there is an improvement in the technology used to make pizzas. This means fewer inputs will be needed to make the same quantity of pizza.

Fewer workers will be needed to produce the same quantity of pizza. This means there will be more workers to be employed for producing wings. Those workers who are no longer needed to make pizzas will be hired to make wings. This will increase the production of wings.