Which of the following statements(s) are correct with regard to factors affecting the elasticity of labour demand? [I]: If labour costs form a greater production of total input costs, the greater will be the elasticity of labour demand. [II]: If it takes long to develop and/or implement labour-saving technology, the greater will be the elasticity of labour demand. [III] The introduction of new production methods that improve productivity will lead to a greater elasticity of labour demand. a. All three statements are correct. b. Only [II] is correct. c. Only [I] is correct. d. Only [II] and [III] are correct. e. Only [I] and [II ] are correct

Which of the following statements(s) are correct with regard to factors affecting the elasticity of labour demand? [I]: If labour costs form a greater production of total input costs, the greater will be the elasticity of labour demand. [II]: If it takes long to develop and/or implement labour-saving technology, the greater will be the elasticity of labour demand. [III] The introduction of new production methods that improve productivity will lead to a greater elasticity of labour demand. a. All three statements are correct. b. Only [II] is correct. c. Only [I] is correct. d. Only [II] and [III] are correct. e. Only [I] and [II ] are correct

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following statements(s) are correct with
regard to factors affecting the elasticity of labour
demand? [I]: If labour costs form a greater production
of total input costs, the greater will be the elasticity of
labour demand. [II]: If it takes long to develop and/or
implement labour-saving technology, the greater will be
the elasticity of labour demand. [III] The introduction of
new production methods that improve productivity will
lead to a greater elasticity of labour demand. a. All three
statements are correct. b. Only [II] is correct. c. Only [1] is
correct. d. Only [II] and [III] are correct. e. Only [I] and [II
] are correct

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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