« previous next »

Author Question: Comment on the following statement: A firm's demand for labor can be affected by the availability of ... (Read 28 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
Comment on the following statement: A firm's demand for labor can be affected by the availability of other inputs.
 
  What will be an ideal response?

Question 2

The Internet has created a new category in the book selling market, namely, the barely used book. How does the availability of barely used books affect the market for new books?
 
  A) The demand curve for new books shifts to the right.
  B) The supply curve for new books shifts to the left.
  C) The demand curve for new books shifts to the left.
  D) The supply curve for new books shifts to the right.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is true. If two inputs are complements, the presence of one will increase the productivity of the other. For example, if capital and labor are complements, the presence of capital will increase the demand for labor. However, it is possible for two inputs to be substitutes for one another. In that case, the presence of one will lead to a drop in the demand for the other.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ... Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ...
North Korea: Labor Issues North Korea: Labor Issues
Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library