If increased capital usage reduces the firm's short-run demand for labor,then
A) labor is a regressive factor.
B) labor and capital are complements in production.
C) labor and capital are substitutes in production.
D) labor is a Giffen factor.
Correct Answer:
Verified
Q19: Derived demand for an input is the
Q20: A competitive firm's short-run demand for labor
Q21: The profit an owner receives is equivalent
Q22: Each additional unit of output produced by
Q23: The short-run demand curve for labor for
Q25: If labor and capital are complements in
Q26: Both the competitive firm's demand curve for
Q27: If demand for output rises,producers' surplus increases
Q28: When a firm increases its capital usage
A)
Q29: A profit maximizing firm in any type
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents