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
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section13.2: The Labor Market
Problem 1ST
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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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