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marysya [2.9K]
3 years ago
12

We say that the demand for labor is a derived demand because Multiple Choice labor is a necessary input in the production of eve

ry good or service. the forces of supply and demand do not apply directly to labor markets. we demand the product that labor helps produce rather than labor service per se. labor is hired using the MRP = MRC rule.
Business
1 answer:
kirza4 [7]3 years ago
7 0

Answer:

The correct answer is: we demand the product that labor helps produce rather than labor service per se.

Explanation:

The demand for inputs of production such as labor is called derived demand. This is because their demand is derived from the demand for goods that they are used to produce.

These inputs are used in the process of production.  The derived demand affects the price of derived goods.

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Jody is an agent for Kwik Credit Company (KCC). In the course of Jody's performance for KCC, Jody pays Leo for certain auto main
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Answer:

D. Reimbursement

Explanation:

A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.

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3 years ago
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A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact t
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This law will impact the labor market cause of low pay rate that will stop more people from applying for that job
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3 years ago
Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method
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Answer:

Variable Cost per hour is $4.86

Explanation:

given data

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solution

we get here Variable Cost per hour that is express as

Variable Cost per hour = (Highest Cost - Lowest Cost) ÷ (Highest Cost Driver - Lowest Cost Driver)   ......................1

put here value and we get

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2 years ago
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horrorfan [7]

Answer:

c

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3 years ago
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