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Author Question: What are the influences on the demand for labor? What will be an ideal ... (Read 11 times)

armygirl

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on: Jun 29, 2018
What are the influences on the demand for labor?
 
  What will be an ideal response?

Question 2

When a celebrity has the desire to have his image protected following his death, this is best described as an example of the protection of
 
  A) a patent. B) intellectual property.
  C) an invention. D) a trademark.


brittiany.barnes

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Factors that influence the demand for labor are the wage rate, the price of the firm's output, the prices of other factors of production, and technology. A lower wage rate increases the quantity of labor demanded. A rise in the price of a substitute for labor or a fall in the price of a complement for labor increases the demand for labor. A new technology or new capital that increases the marginal product of labor increases the demand for labor.

Answer to Question 2

B


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