1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Trava [24]
3 years ago
6

In the labor market, what causes a movement along the demand curve? What causes a shift in the demand curve?

Business
1 answer:
sladkih [1.3K]3 years ago
4 0

Answer and Explanation:

Movement along the demand curve in the labor market occurs when there is any change in wages of labor. An increase in wage rate will lead to decrease in quantity of labor demanded. As a result, demand curve will move upwards and vice versa.

Reasons other that increase or decrease in price such as demand for the respective product, will lead to shift in demand curve. For example, an increase in the demand for a particular good will increase the demand for labor that will produce the product. An increase in demand for labor in this case will shift the demand curve rightwards and vice versa.

You might be interested in
Company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example o
hammer [34]

Answer:

the globalization of production.

Explanation:

Since company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example of the globalization of production.

Globalization of production can be defined as the process of sourcing goods and services from other countries (locations) around the world in order to take advantage of labor cost savings and quality of other factors of production such as land and capital.

Additionally, globalization can be defined as a strategic process which involves the integration of various markets across the world to form a large global marketplace.

<em>Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world</em>.

3 0
3 years ago
Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitiv
sleet_krkn [62]
The answer is false!
6 0
3 years ago
Read 2 more answers
On August 5, 2021, Blossom Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set
Gennadij [26K]

Answer:

$15,960

Explanation:

The total profit on units sold for the consignor:

= Sales Value - Cost of Goods Sold - Shipping Expenses - Commission - Advertising Expenses - Installation and setup costs

= (40 × $720) - (40 × $220) - [$1,850 × (40/50)] - ($28,800 × 5%) - $470 - $650

= $28,800 - $8,800 - $1,480 - $1,440 - $470 - $650

= $15,960

5 0
3 years ago
âas an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely:
Ilya [14]
Answer:  " DECREASES" .___________________________________
4 0
3 years ago
Maidenform Brands is a global intimate apparel company that designs, sources, and markets intimate apparel products under the Ma
Sedaia [141]

Maidenform and its major brands have strong brand equity.

Explanation:

Brand stocks refer to the added value of a single company for the same commodity. This renders one substance better than others. Brand loyalty renders a company better or worse than other brands.

Apple: Apple's market share best example.

Brand equity includes three basic components: the understanding of customers, negative or beneficial consequences and the resultant valuation.

Name equity funds also operate in the same market or field.

8 0
3 years ago
Other questions:
  • Today, almost every sales rep can immediately check the company's inventory andproduction schedule electronically. This allows s
    9·1 answer
  • Which of the following are characteristics of a perpetuity? A. A perpetuity is a stream of regularly timed, equal cash flows tha
    7·1 answer
  • Keeping long-term customers is more beneficial than continually acquiring new customers because:
    8·1 answer
  • When managers are engaged in problem solving, there are several steps they should go through in order to prevent themselves from
    6·1 answer
  • In incremental analysis, a. only costs are analyzed. b. only revenues are analyzed. c. both costs and revenues may be analyzed.
    9·1 answer
  • Jerome, a manager at Welford Nonprofit Group, is known for his selflessness and willingness to give to others. He likes working
    6·2 answers
  • Which two advantages do renters have that home buyers don’t have?
    7·1 answer
  • The Washington Company purchased a new machine for $200,000. In addition to the invoice cost of the unit they had to pay $5,000
    6·1 answer
  • At the beginning of the year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and plac
    11·1 answer
  • If price paper spends an additional on advertising, sales volume should increase by units. what effect will this have on operati
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!