This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm's demand for labor is known as a derived demand because a. the firm gains utility from ... (Read 44 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
A firm's demand for labor is known as a derived demand because
 a. the firm gains utility from hiring more labor.
  b. the amount of labor hired depends upon how much output the firm can sell.
  c. the wage rate paid to workers is derived from the market for labor.
  d. it is derived from the demand for capital.

Question 2

A profit-maximizing firm should spend an additional dollar on advertising so long as this expenditure results in more than one dollar of
 a. additional sales.
  b. reduced costs.
  c. increased profits.
  d. demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


sam.t96

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Mataphase chromosomes that are derived from chromatin during mitosis Mataphase chromosomes that are derived from chromatin during mitosis
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library