What is the relationship between productivity and the cost of production

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What is the relationship between productivity and the cost of production?

Why is the demand of labor a derived demand?

What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar?

What are some factors that determine the level of your income? Explain your answer.

Describe an example you are familiar with in which a technological innovation led to an improvement in productivity. What was the effect on the cost of doing business or activity in which this technology was employed?

Describe the relationship between the number of inputs and the law of diminishing marginal productivity.

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