Multiple Choice
If sewing machines are considered to be a complement to labor in the production of garments,then an increase in the price of sewing machines will cause
A) the demand curve for labor to shift to the right.
B) the demand curve for labor to shift to the left.
C) a movement along the demand curve for labor.
D) nothing to happen to the demand curve for labor.
Correct Answer:
Verified
Correct Answer:
Verified
Q132: A decline in the wage rate would<br>A)raise
Q133: A fall in the wage rate would
Q134: If the wage rate were $30,how many
Q135: A firm will continue hiring labor as
Q136: As output rises,eventually the MPP of a
Q138: Total Revenue Product with one unit of
Q139: The Bulldog Beanery Coffee Shop is a
Q140: Which statement is false?<br>A)The concept of margin,or
Q141: How much of a resource a firm
Q142: How many workers would the firm hire