Author Question: What causes the labor demand curve to shift? List three factors that can cause the labor demand ... (Read 47 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
What causes the labor demand curve to shift? List three factors that can cause the labor demand curve to shift rightward?
 
  What will be an ideal response?

Question 2

Suppose you eat two hamburgers for lunch. The marginal benefit of the first burger is ________ of the second burger.
 
  A) larger than the marginal benefit
  B) not related to the marginal benefit
  C) smaller than the marginal benefit
  D) equal to the marginal cost and the marginal benefit
  E) equal to the marginal benefit


Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

Any change that affects the entire schedule relating the quantity of labor and the value of marginal product of labor will shift the labor demand curve.
Factors that can cause the labor demand curve to shift rightward are:
a) Increase in output prices: If the price of the output the labor is used to produce increases, the labor demand curve shifts rightward.
b) Technology and productivity: If technological progress increases labor productivity, the demand schedule for labor shifts to the right.
c) Falling input prices: If there is a fall in the price of inputs that are combined with labor to produce output, the labor demand curve shifts rightward.

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

For a complete list of videos, visit our video library