Longer demanded and what was the impact on labor

Assignment Help Business Economics

Reference no: EM13995372

Explain why the demand for labor is a derived demand using examples from your workplace. What are some historic examples of products that are no longer demanded and what was the impact on labor?

Reference no: EM13995372

Questions Cloud

The sum of private savings and public savings : National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words, If private savings 'V' = 0.75S and total savin..

Firm sells its product in a perfectly competitive market : A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's total costs are C(Q)=40+8Q+2Q2. how much output should the firm produce in the short run? what price should the firm charge in the..

What amounts from these investments are reported : What amounts from these investments are reported in the comparative income statements? Has that income increased or decreased over the years reported?

Determining the p-value for the test : The times are shown here. At the 0.05 level, do the seat designs differ significantly in terms of the time that patrons stay? Using the appropriate statistical table, what is the most accurate statement we can make about the p-value for the test..

Longer demanded and what was the impact on labor : Explain why the demand for labor is a derived demand using examples from your workplace. What are some historic examples of products that are no longer demanded and what was the impact on labor?

Quality of rental housing units falls-black markets develop : Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..

Priscilla is a fashion designer and appointed val : Priscilla is a fashion designer and appointed Val to sell her designs. Val also sells fashions created by some 60 other designers. Each week Val sells and average of 1,500 items of clothing to various retailers. The money received from the retailers ..

Lifetimes of two brands of penlight batteries : Comparing the lifetimes of two brands of penlight batteries, a researcher has randomly selected 10 batteries of brand A and 10 of brand B, then subjected each battery to the same usage test. Given the lifetimes listed below and using the 0.05 lev..

Price and quantity of burgers sold : Suppose In-N-Out burgers sells only burgers, and that P and Y are the price and quantity of burgers sold. In-N-Out revenues R are given by R=P.Y. Finally, suppose P grows at 1% and Y grows at 2%. Given this information you can say that revenues grow ..

User Account

All Pages