Solution-Why is the demand of labor a derived demand

Why is the demand of labor a derived demand

Assignment Help Business Management

Reference no: EM131288567

Looking for a detailed answer at least 150 words.

Thank you in advance for your help.

1.) Why is the demand of labor a derived demand?

2.) What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar?

3.) What are some factors that determine the level of your income? Explain your answer.

Reference no: EM131288567

Questions Cloud

Labor supply curves of men and women : Bigfoot Corp. manufactures shoes in the small town of Here. It is the only employer in town, and Here is too far from anywhere else for townspeople to work elsewhere.Men and women are equally productive; they each produce two pairs of shoes a day,..

What is the amount of taxable gifts for the current year : Gift Tax. Betty, a married taxpayer, makes the following gifts during the current year (2016): $20,000 to her church, $50,000 to her daughter, and $40,000 to her husband. What is the amount of Betty’s taxable gifts for the current year (assuming that..

Survive against the growth of smartphone and tablet apps : Debate whether these new features in game consoles are enough to survive against the growth of smartphone and tablet apps that offer free or inexpensive games.

Sonsolidated financial statements in accordance with ifrs : Swisscom AG, the principal provider of telecommunications in switzerland, prepares sonsolidated financial statements in accordance with IFRS. Until 2007, Swisscom also reconciled its net income and stockholders equity to US GAAP. se the information i..

Why is the demand of labor a derived demand : 1.) Why is the demand of labor a derived demand? 2.) What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar?

What is the before-tax present worth of the extruder : The XYZ Corporation is planning to purchase an extruder. The purchase price of the extruder is 5350,000. XYZ plans to make a down payment of 25% of the first cost of the extruder and to make a 7 year, 10%, yearly payment loan for the rest of the firs..

Should marketers embrace the societal marketing concept : Should marketers embrace the societal marketing concept with respect to foods or products that could be harmful to consumers?

Prepare the retained earnings statement : The balance in retained earnings on January 1, 2017, for Palmer Inc. was $750,000. During the year, the corporation paid cash dividends of $85,000 and distributed a stock dividend of $8,400. In addition, the company determined that it had understated..

Members of the strategic planning committee : Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875-word report to introduce some of these thou..

User Account

All Pages

Why is the demand of labor a derived demand

Reference no: EM131288567

Reference no: EM131288567

Questions Cloud

Reviews

Write a Review

Business Management Questions & Answers

Caselet on michael porter’s value chain management

Mountain man brewing company

Mountain man brewing company

Analysis of the case using the doing ethics technique

Affiliations and partnerships

Innovation-friendly regulations

Effect of regional and corporate cultural issues

Structure of business plan

Identify the purposes of different types of organisations

Entrepreneur case study for analysis

Forecasting and business analysis

Educational instructional leadership

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT