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Author Question: In recent years, garbage collection has changed dramatically. Twenty-five years ago a crew of up to ... (Read 416 times)

mustachegiraffe

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In recent years, garbage collection has changed dramatically. Twenty-five years ago a crew of up to 4 or 5 workers and 1 truck collected residential garbage. Now collection is often done by one driver and 1 more fully automated truck. What is an explanation for this change?
◦ Firms and municipalities substituted away from a factor whose price was falling (labour) and toward a factor whose price was rising(capital).
◦ Firms and municipalities substituted away from an increasingly expensive factor (labour) and toward an increasingly inexpensive factor (capital).
◦ The marginal product of labour was falling over time while the marginal product of capital was rising.
◦ Over long periods of time, labour is always replaced by capital.
◦ Over long periods of time, capital is always replaced by labour.


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Marked as best answer by mustachegiraffe on Oct 12, 2022

breounasmoot

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mustachegiraffe

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it


AngeliqueG

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Reply 3 on: Yesterday
Excellent

 

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