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What factor will cause the demand curve for labor to shift to the right?
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∙ 13y ago
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∙ 13y ago
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The labor demand curve of a purely competitive seller perfectly elastic?
yes the demand curve is perfectly inelastic and horizontal
What will cause the capital stock when it increases?
Increases in the stock of capital will cause which of the following?The demand of labor increases.The demand of labor decreases.Selected answer No change in the demand of labor.First increase then decrease the demand of labor
What factors determine the demand for labor?
causes a movement along the MRP curve: -wage rate causes a shift of the MRP curve: -price of capital -changes in productivity -changes in the price of the firm's product -demand for the product
The labor demand curve is negatively sloped because?
this site has no sense I dont know why you call yourself answer.com
Why is labor an active factor of production?
it can be increased or decreased based upon demand
The labor demand curve of a purely competitive seller perfectly elastic?
yes the demand curve is perfectly inelastic and horizontal
What will cause the capital stock when it increases?
Increases in the stock of capital will cause which of the following?The demand of labor increases.The demand of labor decreases.Selected answer No change in the demand of labor.First increase then decrease the demand of labor
What factors determine the demand for labor?
causes a movement along the MRP curve: -wage rate causes a shift of the MRP curve: -price of capital -changes in productivity -changes in the price of the firm's product -demand for the product
The labor demand curve is negatively sloped because?
this site has no sense I dont know why you call yourself answer.com
What determines the supply and demand of the factors of production?
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
Why is labor an active factor of production?
it can be increased or decreased based upon demand
How does demand of labor affect the level of production?
it affects because labor is the main factor of production so that is to say no labor no production at all
What are some affects to the market supply curve?
cost of labor a change in the demand for the product the number of sellers offering the product
Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
Is labor factor of production immobile?
Labor is highly mobile. People will move where jobs are. Such as in the Industrial Revolution, factories had a demand for labor which caused a rural to urban migration.
Explain how labor market equilibrium is affected by the supply and demand of labor in a Monopolistic Competition?
The labor market will reach equilibrium as the amount of workers willing to work for a certain price equals the amount of workers employers are willing to hire for that wage. On a supply and demand curve the employees represent the suppl side while the employers represent the demand side
What is Factor Market?
The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.
