How would technology change impact employment

Reference no: EM13181907

Polly's Pet Store on the Island of Atlantis has a local monopoly on the grooming of dogs. There are 1,000,000 citizens of the Island of Atlantis and 75% of them love and want dogs, but there are only enough dogs on the island for 25% of them to have one. Assuming that, by law, dogs have to be groomed at least one time per year, how many groomers would be needed if every groomer could groom 15 dogs per shift (5 shifts per week, 50 weeks per year).

If there is a technology change (cordless clippers) that make each worker more efficient (20 dogs per shift), how would that impact employment?

What are 3 assumptions in this problem?

Reference no: EM13181907

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