« previous next »

Author Question: What are the influences on the demand for labor? What will be an ideal ... (Read 15 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
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

  • Sr. Member
  • ****
  • Posts: 321
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

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
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Environmental Influences on Personality Environmental Influences on Personality
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library