Concept of derived demand, The concept of derived demand means that: (w) consumer

Concept of derived demand

The concept of derived demand means that: (w) consumer demands for goods depend on the utilities received from their use. (x) firms’ demands for resources depend upon consumer demands for the goods produced. (y) governmental demands for social goods depend upon tax revenue obtainable. (z) demands for fundamental goods are biologically determined.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Managerial Economics

Q : Managerial Economics according to

Illustrates the managerial Economics according to Savage and John?

Q : Illustrates the term Elasticity

Illustrates the term Elasticity?

Q : Substitution Consequence on Labor Supply

The substitution consequence on labor supply decision of an individual is more powerful than the income effect while: (1) higher wage rates result within increased hours worked. (2) cuts in wage rates yield discouraged worker effects. (3) the supply c

Q : Illustrates the different kinds of

Illustrates the different kinds of Demand?

Q : Illustrates the barometric pricing

Illustrates the barometric pricing briefly?

Q : Unitarily inelastic supply of labor

Glynn’s supply of labor is unitarily inelastic while the wage rate increases by: (1) $10 per hour to $20 per hour. (2) $10 per hour to $50 per hour. (3) $20 per hour to $50 per hour. (4) $20 per hour to $80 per hour. (5) $80 per hour to $90 per

Q : Conventional theories of the labor

As per most conventional theories of the labor market, the: (w) supply curve of labor is positively sloped since higher wages attract additional workers in the labor market. (x) firms should contend with increasing returns from additional employment.

Q : Implicit Labor Contracts If workers

If workers accept lower wages in exchange for employer assurances of enhanced job security, employment agreements are illustrations of: (i) credentialism. (ii) comparable worth. (iii) specific training. (iv) an implicit labor contract. (v) human capital.

Q : The Income Effect by Supply of Labor

Along a supply curve for an individual’s labor, there the income effect tends to rise the: (1) supply of work as wages reduce the number of people a firm will hire. (2) demand for leisure as the wage rate and income raise. (3) l

Q : Wage rates throughout supply of labor

For wage rates in between $18 and $21, there the elasticity of Morgan’s supply of labor is: (w) 0.72. (x) one. (y) 1.08. (z) 1.44.

Discover Q & A

Leading Solution Library

Avail More Than 1439246 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961681
Asked

3,689

Active Tutors

1439246

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment