Question

Apple decides to change the way they produce the iPhone. Their decision will include replacing most skilled workers with robots. In this case, Apple is making a decision based on which economic question?

a) How to distribute goods and services?
b) What to produce with limited resources?
c) How to minimize production costs?
d) How to allocate resources efficiently?

Answer 1

Apple's decision to use robots in iPhone production is based on the economic question of how to effectively minimize production costs and efficiently produce goods using technological advancements.How should goods and services be produced?

Step-by-step explanation:

When Apple decides to replace most skilled workers with robots, they are making a decision based on the economic question How should goods and services be produced? This decision involves considering the most effective and efficient methods for production, such as the choice between employing skilled workers or using technology like robots. The goal is often to minimize production costs while maintaining quality.

In today's market economy, firms like Apple make decisions to ensure that they allocate resources efficiently, and use comparative advantages from different countries such as the United States, China, and Korea. Apple's choice to use robots reflects an attempt to streamline its production process by increasing productivity and reducing the costs associated with manufacturing the iPhone.