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Author Question: What causes the labor demand curve to shift? List three factors that can cause the labor demand ... (Read 98 times)

cnetterville

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on: Jun 30, 2018
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
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Qarqy

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Reply #1 on: Jun 30, 2018
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


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