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 56 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
Excellent

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Some drugs are still derived from natural sources Some drugs are still derived from natural sources
Labor Labor
The traditional human karyotypes derived from a normal female and a normal male The traditional human karyotypes derived from a normal female and a normal male
Video: Structure of a Ribosome

For a complete list of videos, visit our video library