Which of the following would NOT be a reason for a shift in the labor demand curve?

A) a change in demand for the final product
B) a change in labor productivity
C) a change in the market wage rate
D) a change in the price of a related input


C

Economics

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Indicate whether the statement is true or false

Economics

Assume that a firm spends $500 on two inputs, labor (graphed on the horizontal axis) and capital (graphed on the vertical axis)

If the wage rate is $20 per hour and the rental cost of capital is $25 per hour, the slope of the isocost curve will be A) 500. B) 25/500. C) -4/5. D) 25/20 or 1.25.

Economics

Assume MUX = 30 utils, MUY = 15 utils, PX = $2, and PY = $0.50 . This consumer:

a. should buy less of X and less of Y. b. is in equilibrium. c. should buy more of X and less of Y. d. should buy less of X and more of Y. e. should buy more of X and more of Y.

Economics

How does the progressive income tax help reduce the inequality of income in the United States?

What will be an ideal response?

Economics