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- Different between informal and formal Labour CostsMany US based companies rely on labor from low-wage countries. Identify a company that uses labor from low-wage countries and discuss at least one region they do business in."If the wage rate paid to one form of labor is twice the cost of another form of labor, the first type of labor must be twice as productive."
- If there are diminishing returns to labor, then as more workers are hired the total amount produced by all of the workers will decrease. True FalseHow would the firm demand for labour be altered if labour were an inferior factor of production? • Cost-minimizing demand. • Profit-maximizing demandtrue or false Labor unions are organized primarily to help women who are expecting to go into labor while on the job.
- Are labor unions and technological improvements complementary?Explain who should handle the labor relation in concerned country. Is it the headquarters or subsidiary? Explain why?One of these four answers could cause the demand curve for labor to shift to the right. Which one? Group of answer choices a decrease in the firm's product price an increase in demand for the firm's product a decrease in labor productivity an increase in the wage rate
- Average labour productivity is equal to A. the slope of the labour demand curve at the point (N, w). B. the slope of the labour supply curve at the point (N, w). C. the slope of the production function at the point (Y, N). D. the slope of a line connecting the origin to the point (Y, N) on a graph of the production function. E. the slope of a line connecting the origin to the point (N, w) on a graph of the labour market.Which of the following is likely to increase the supply of labour? a decrease in fringe benefits a relaxation of restrictions on immigration an increase in the value placed on leisure a decrease in the populationPlease show work no excel
