Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Nov 2017 My Price 5.00

Rich Nations from Poor Nations

Until the mid-eighteenth century when spinning became mechanized, cotton was an expensive and relatively unimportant textile (Virginia Postrel, “What Separates Rich Nations from Poor Nations?” New York Times, January 1, 2004). Where it used to take an Indian hand-spinner 50,000 hours to handspin 100 pounds of cotton, an operator of a 1760sera hand-operated cotton mule-spinning machine could produce 100 pounds of stronger thread in 300 hours. When the self-acting mule spinner automated the process after 1825, the time dropped to 135 hours, and cotton became an inexpensive, common cloth. Was this technological progress neutral? In a figure, show how these technological changes affected isoquants.

Answers

(5)
Status NEW Posted 16 Nov 2017 09:11 PM My Price 5.00

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