Economists describe the demand for inputs like labor as a derived demand. Since the demand for labor is MPL*P, it is dependent on the demand for the product the firm is producing. We show this by the P term in the demand for labor. An increase in demand for the firm’s product drive...
It is the high price itself that partly imparts value to such a good. These are calledVeblen goods, and they derive their value from the consumption of them as symbols of the purchaser's high status in society; 韦伯伦商品也违背了需求定律,也违反了经济学原理 Supply Marginal product of labor(...
A good has derived demand when it depends on the demand for another good/service. In the case of labor, its demand is derived from the demand of goods... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Create an acco...
Explain the meaning of derived demand. Discuss an instance where a resource's demand changed in our economy and explain why. What exactly is meant by the terms demand and supply? How do they relate? The demand for labor is said to be a "derived" demand. What is the meaning of a deriv...
刷刷题APP(shuashuati.com)是专业的大学生刷题搜题拍题答疑工具,刷刷题提供The demand for labor by a particular firm is ultimately derived from ( )A.the productivity of labor.B.the productivity of the firm’s other inputs.C.demand for the firm’s output.D.th
25.the home front differs from the workplace in that___ [a] pision of labor at home is seldom clear-cut [b] home is hardly a cozier working environment [c] household tasks are generally more motivating [d] family labor is often adequately rewarded 免费查看参考答案及解析 题目:...
production are the inputs used to produce goods and services.The Market for the Factors of ProductionThe demand for a factor of production is a derived demand.A firms demand for a factor of production is derived from its decision to supply a good in another market.The Demand for LaborLabor...
Demand for Information and the Distribution of Income The income of an individual is the sum of income derived from the sale of labor and income derived from the return on wealth. The increment of wealth in an... KJ Arrow 被引量: 0发表: 1986年 Working Paper Series Department of Economics...
This reasoning is correct if wee stick to the line of demand. However, it is often the case that the essence of employers demand for labour force is neglected, this demand being alternatively termed the so - called derived demand, i. e. a demand that is derived from the demand for ...
in the supply of money typically lowers interest rates, which generates more investment and puts more money in the hands of consumers, thereby stimulating spending. Businesses respond by ordering moreraw materialsand increasing production. The increasedbusiness activityraises the demand for labor. ...