Which of the following would increase the demand for labor in the dry cleaning industry?
A) Immigration laws make it easier for new immigrants to obtain permission to work.
B) The price of dry cleaning services rises.
C) The price of dry cleaning services falls.
D) Changes in dry cleaning procedures mandated by environmental legislation result in decreased labor productivity in the dry cleaning industry.
Correct Answer:
Verified
Q3: The marginal factor cost of labor is
A)
Q4: A firm will not hire a potential
Q5: The demand for labor is
A) identical to
Q6: Firms will hire workers who
A) have a
Q7: The market demand for labor is
A) upward
Q9: When wages rise in an industry due
Q10: In a perfectly competitive market, the firm
Q11: The supply of labor to the individual
Q12: Suppose a perfectly competitive firm faces a
Q13: Suppose a perfectly competitive firm faces a
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