Demand for labour is referred to as derived demand because it a. Has an inverse relationship with wages b. Is determined by marginal utility of labour c. Depends on capital goods used with labour d. Depends on the demand for final products that labour is used to p
Demand for labour is referred to as derived demand because it a. Has an inverse relationship with wages b. Is determined by marginal utility of labour c. Depends on capital goods used with labour d. Depends on the demand for final products that labour is used to p
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter26: Factor Markets: With Emphasis On The Labor Market
Section26.2: The Labor Market
Problem 1ST
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Demand for labour is referred to as derived demand because it
a. Has an inverse relationship with wages
b. Is determined by
c. Depends on capital goods used with labour
d. Depends on the demand for final products that labour is used to p
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