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Author Question: The demand for labor is different from the demand for final goods and services because A) the law ... (Read 83 times)

maychende

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The demand for labor is different from the demand for final goods and services because
 
  A) the law of demand does not apply to the demand for labor.
  B) the demand for labor is derived from the demand for the good or service the labor is used to produce.
  C) it is a demand for people, not inanimate objects.
  D) the demand for labor is more inelastic than the demand for the goods and services produced with this labor.

Question 2

If a firm shuts down it
 
  A) will produce nothing but must pay its fixed and variable costs.
  B) will suffer a loss equal to its fixed costs.
  C) will earn enough revenue to cover its variable costs but not all of its fixed costs.
  D) will produce nothing but must pay its variable costs.


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iceage

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