Explain how changes in technology affect and change the demand for labor. Distinguish between situations in which a particular type of technological change increases the demand for a particular type of labor and those in which it decreases the demand for a particular type of labor.

Q: Draw a downward-sloping demand curve for labor and an upward-sloping supply curve of labor in a…

A: Labour demand and labour supply curve are very significant in the determination of real wage rate .…

Q: Explain the effects of migration of labor between the two nations. Use the figure attached and the…

A: Answer: Introduction: The marginal product of labour: it refers to the additional unit produced when…

Q: Different between informal and formal Labour Costs

A: Labor costs are the expenditure that is borne by the employers for hiring labor. Labor costs consist…

Q: How each of the following situations will affect labour demand, i.e. if it will cause a movement…

A: Labor demand curve shows the inverse relationship between wage rate and quantity of labor demanded.…

Q: The following table shows the number of pizzas that can be produced by a large pizza parlor…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: supply and demand analysis in the labour market  graph the following and explain your graph: an…

A: The demand curve for labor, under the ceteris paribus assumption, shows the amount of labor…

Q: Which type of worker would earn the high income but has lesser marginal productivity?     a.Fashion…

A: At the marketplace, it can be seen that different occupation provide different range of income to…

Q: Refer to the information above to answer this question. What quantity of labour will the firm employ…

A: Option (b).

Q: How would the firm demand for labour be altered if labour were an inferior factor of production? •…

A: The work market incorporates the supply of labor altered and the demand for labor by firms. Wages…

Q: Question 4: International Factor Movements Explain the effects of migration of labour between two…

A: International factor movements  are referred to the movements of factors of production like labour,…

Q: If you were to accept a position in another state, why do you believe it would be important to…

A: The laws that aim to correct the power imbalance between employers and workers within the work…

Q: Several external influences impact the labour relationship. Discuss the following of these…

A: The economic dispensation Answer: A capitalist system or a free market system provides firms more…

Q: Show the effect of each of the following events on the market for labour in the computer tablet…

A: Monopsony is a market situation where by there are many suppliers but the buyer is only one. In this…

Q: If: q = L+K Wage = 20 Rate of capital = 40 How much does it cost the firm to produce q =…

A: Production function : q = L+K We will first find out the marginal product of labor and capital…

Q: Give some examples of direct labor?

A: Direct laborers are the individuals and staff who produce the company’s products and provide…

Q: What may be wrong with over-specialization for workers in factories? A. Work culture may worsen B.…

A: When product is made, cost  takes place and process of business follow ups. Business can be of…

Q: For each of the following determine the impact on the demand or the supply of labor and effect on…

A: Labor market is in equilibrium when supply equals demand. The equilibrium wage rate is the rate that…

Q: Which of the following explains the slope of the demand curve for labor? a. the marginal…

A: Law of diminishing marginal productivity states that the marginal production from the additional…

Q: Define the term Direct Labor?

A: Direct labor is those labor, which are directly engaged in the production process. In other words,…

Q: The figure represents the value of marginal product for a firm that sells its product in a…

A: Value of marginal product refers to an additional revenue which is earned from hiring one more unit…

Q: Changes in labor supply curve (shift) in labor market and thus changes in equilibrium wages and…

A: Labor supply curve shows different combinations of wage and quantity of labor supplied

Q: A. Explain, with the aid of a graph, the equilibrium position of a firm operating in a perfectly…

A: Firm is working in perfect competitive labor market. Perfect competitive market means where firm is…

Q: What accounts for the backward bending Labour supply curve?

A: A backward-bending supply curve of labor, or backward-bending labor supply curve, is a graphical…

Q: Explain the difference between diminishing total returns and diminishing marginal returns to labor.

A: Law of diminishing returns: It is a concept of short run. In short run output can be increase by…

Q: It is easy to conclude that when hiring workers in the short run whose marginal productivity rises,…

A: The short-run is the time period in which fixed factors like buildings, machinery, etc. can not be…

Q: Why does the learning curve apply mainly to direct rather than indirect labor?

A: The learning curve implies that labor becomes more efficient after working for several years. This…

Q: What is the marginal cost of labor for a firm that operates in a competitive labor market? How does…

A: In the ‘competitive market’ there exist many numbers of buyers & sellers. The sold products are…

Q: Assume that supply curve is vertical and labour demand curve shifts to the left. This would lead to…

A: Labor demand curve shifts to left means demand for labor will decrease. Therefore real wages will…

Q: Why is the short-run demand curve for labor downward sloping?

A: The three most important factors of production- land, labor, and capital are used in the production…

Q: Define the following •Unskilled labour **** **** Skilled labour ***** Semi-skilled labour

A: The firms tend to use various factor inputs, which are either variable, or fixed in nature. The…

Q: How each of the following situations will affect labour demand, i.e. if it will cause a movement…

A: Two inputs are substitutes when only one of them is used to produce good