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

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section13.2: The Labor Market
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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 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

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