Multiple Choice
Which of the following decreases in labor demand is due to a change in product demand?
A) An increase in the price of paper increases the cost of making books, thus decreasing the demand for bookbinders.
B) The widespread availability of news on the web reduces the demand for newspaper workers.
C) An increase in the price of steel increases the cost of producing cars and trucks, thus decreasing the demand for automobile workers.
D) A decline in productivity in retailing decreases the demand for retail sales workers.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: It will be profitable for a firm
Q52: Producers should hire resources until the total
Q165: If two resources are complementary, an increase
Q234: According to the marginal productivity theory of
Q235: Suppose a competitive firm in both the
Q236: A computer manufacturer's elasticity of demand for
Q237: Assume that a purely competitive firm
Q239: The equation MP<sub>L </sub>/ P<sub>L</sub><sub> </sub>= MP<sub>C</sub><sub>
Q240: Which of the following occupations is projected
Q242: Marginal resource cost is<br>A) the increase in