This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm's demand for labor is known as a derived demand because a. the firm gains utility from ... (Read 28 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
A firm's demand for labor is known as a derived demand because
 a. the firm gains utility from hiring more labor.
  b. the amount of labor hired depends upon how much output the firm can sell.
  c. the wage rate paid to workers is derived from the market for labor.
  d. it is derived from the demand for capital.

Question 2

A profit-maximizing firm should spend an additional dollar on advertising so long as this expenditure results in more than one dollar of
 a. additional sales.
  b. reduced costs.
  c. increased profits.
  d. demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


sam.t96

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
The Stages of Labor and Birth in a Vaginal Delivery The Stages of Labor and Birth in a Vaginal Delivery
Distribution of F1 and F2 Progeny Derived from a Theoretical Cross Involving Tomatoes Distribution of F1 and F2 Progeny Derived from a Theoretical Cross Involving Tomatoes
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Heritability of several addictive behavioral disorders derived from twin studies Heritability of several addictive behavioral disorders derived from twin studies
Three queens, fertile females in species that have a reproductive division of labor. Three queens, fertile females in species that have a reproductive division of labor.
Video: Ear Animation

For a complete list of videos, visit our video library