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What are the major determinants of labor demand?
(1. Demand for output (2. Productivity of Labor a.Quality of labor b.Technological progress c.Non-labor outputs (3. Price of other resources(Substitutes and complements)
What relationship do production functions indicate between inputs and outputs?
Production functions indicate the relationship between inputs (such as labor and capital) and outputs (goods or services) in a production process. They show how the quantity of inputs affects the quantity of outputs produced.
An increase in the supply of labor will?
In a free-market an increase in the supply of labor will reduce wages and increase unemployment. It will also lower the price of produced goods as wages decrease. This effect is complicated by minimum wage laws. If wages cannot decrease due to legislation the effect will simply be an increase in unemployment and prices in the short run will remain static. If the population increase is significant it is possible for the price of goods to increase due to the increased demand for consumer goods.
Difference between micro economics macro manpower forecast?
in macroeconomics manpower is related to growth and development of the country because of increased investment level(producers get attracted towards the huge market) and also increase in produce of the countrys outputs if converted to human capital else it would serve as a huge burden on the countrys demographic investment.In microeconomics increase in the members of the family or firm will lead to increase in output and also increase in income.
Why have been women so eager to increase their participation you the labor market?
Why have women been so eager to increase their participation in the labor market,
What role did the division of labor play in helping to increase production during the indutrial revolution?
Division of labor, helped increase productivity and gave birth to the factory system, which entailed increased division of labor and specialization of function.
What caused the size of plantations in Virginia and Maryland to increase in the1700's?
The increased use of African slave labor.
What does it means to have a correlation in a scatter plot?
A correlation exists in a scatter plot if there is a general trend in the outputs as inputs increase. If the outputs generally increase in value, then there is a positive correlation. If the outputs generally decrease in value, then there is a negative correlation.
Will headers and dual exhaust increase power and mileage?
Installing a after-market exhaust will Increase MPG and low-end and high-end power outputs. Also with addition to headers will come Increased loudness and Horsepower and low-end torque.
What is to blame for the increase in new car prices?
New car prices have increased because the cost of the materials to make them has increased. Plus the labor is more expensive than it used to be. All prices have increased throughout time.
What are the major determinants of labor demand?
(1. Demand for output (2. Productivity of Labor a.Quality of labor b.Technological progress c.Non-labor outputs (3. Price of other resources(Substitutes and complements)
What relationship do production functions indicate between inputs and outputs?
Production functions indicate the relationship between inputs (such as labor and capital) and outputs (goods or services) in a production process. They show how the quantity of inputs affects the quantity of outputs produced.
How did the industrial revolution change the labor in Europe?
It increased the division of labor.
Did the industrial revolution change labor in Europe?
It increased the division of labor.
An increase in the supply of labor will?
In a free-market an increase in the supply of labor will reduce wages and increase unemployment. It will also lower the price of produced goods as wages decrease. This effect is complicated by minimum wage laws. If wages cannot decrease due to legislation the effect will simply be an increase in unemployment and prices in the short run will remain static. If the population increase is significant it is possible for the price of goods to increase due to the increased demand for consumer goods.
If your horse frequently exercises wich do you feed them increase protein increase carboyhdrates increase fat and increase glucose?
Increased Protein and increased carboyhydrates.
Why increase in selling price doesnt increase profit?
It is simple that if the selling price is increased more then of cost increase then profit will increase but if selling price increased less then cost increased then there will be less profit or selling price increased in same proportion to cost increased then there may be no increase in profit. Besides that there may be so many other reasons for that.
