Give some examples of direct labor?

Q: what are the four broad categories of labor in order from lowest to highest paying?

A: The amount of mental, physical, and social effort needed to produce goods and services in a given…

Q: What is meant by investment in human capital? Use this concept to explain (a) wage differentials and…

A: A form of capital that is important and is different from physical capital, is the human capital.…

Q: The supply of Labour in the country is determined by?

A: In each and every field of economics the market of labour is in general affected by the market…

Q: What economic factors determine whether a person participates in the labor force?

A: Labour force refers to the total adult population which is employed or unemployed.  When a person…

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: Units TP VC FC TC МС of Labor

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

Q: How does Technology affect the Demand for Labor?

A: Demand is the quantity of goods and services that people are willing and able to buy at particular…

Q: Suppose all the people below have a job. Which one of them would not be considered part of the…

A: The Bureau of Labor Statistics (BLS) usually uses the phrase "civilian labor force" to describe the…

Q: Why did the labor force participation rate of women increase so much in the past century?

A: The labor force is the number of people working and disadvantaged. The labour force inclusion rate,…

Q: About what proportion of the variation of wages across workers is explained by factors that can be…

A: The wages are payments that the workers receive for their services. For permanent workers these…

Q: 8. All labour is A. O Homogeneous B. O Heterogeneous C. O Lazy D. O Intelligent

A: The work which is being done by a particular worker or the group of workers in exchange for money is…

Q: (a) Why does the labour demand curve slope downwards?

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: How do unions affect the natural rate ofunemployment?

A: Unemployment rate states the proportion of total labor force that is seeking for the job…

Q: Are labor unions and technological improvements complementary?

A: Labour unions are created to protect workers' rights to prevent them from being exploited by the…

Q: Marx writes that “labour itself, … insofar as its purpose in general is the mere increase of wealth…

A: Karl Marx is one of the famous classical economists who highighted on the class struggle that arises…

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: What are the disadvantages of division of labor?

A: Labor division depicts the process where production break up into smaller process and each process…

Q: In recent years, almost all new job creation in the United States has occurred in the sector.…

A: The process of creating new jobs, particularly for those who were previously unemployed or inactive,…

Q: Using the figure below, if Company X hires 12 workers what will their marginal product be?

A: The creation of additional output as a result of the additional input that is being placed into the…

Q: amount of labor hired ()?

A: Answer Part- B

Q: (A): In what specific ways might the presence of a union raise productivity within a firm?…

A: A labor union is a group that participates in collective bargaining with an employer in order to…

Q: Why do labour unions cause unemployment? Explain

A: Labor union give an association to laborers to have joint portrayal with their employers. Structural…

Q: How did the key institu- tions and goals of the labor movement change, and what gains and losses…

A: Originally key institutions and goals of the labor were to unify against the growing industrial…

Q: explain the economic opportunity cost of a unskilled labor

A: Unskilled labor is utilized to allude to a fragment of the labor force related to a restricted range…

Q: Define the term Direct Labor?

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

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: on. What is the marginal revenue product of the fifth worker?

A: Marginal revenue is the addition to total revenue. So we need to find total revenue.

Q: Why do you think it is that not allworkers are members of laborunions?

A: Labor unions can be understood as an association of workers that works to protect the interest of…

Q: Has labor benefited from or been hurt by unionization, improvements in technology and globalization?

A: Unionisation is the process of formation of group of individuals who represents the labourers and…

Q: What is the formula for total factor productivity? What will be happened when the labour input is…

A: In an economy, total factor productivity refers to an economic measure that is used to define the…

Q: Which has held a larger impact in the united states within this past century, added worker or…

A: Added worker effect and discourage worker effect on the field of employment has changed over the…

Q: Define the term, "human capital."

A: We all know that better education, advance training, skills and expertise gained through…

Q: .With which of the theories of wages, is the name of John Stuart Mill associated? O Marginal…

A: To find : John Stuart Mill is associated with which theory of wages.

Q: In describing the history of the industrial revolution and child labor Waylon Hedegaard argued that…

A: Hedegaard concluded that child labor persisted throughout the Industrial Revolution. Children were…

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: What is the long demand for capital and labor?

A: In the long term, expectations, contractual pay rates, and general price levels will all totally…

Q: What is division of labour

A: Labor is an important factor used by the business companies along with other factors like capital…