The demand for labor is different from the demand for final goods and services because
A) the law of demand does not apply to the demand for labor.
B) the demand for labor is derived from the demand for the good or service the labor is used to produce.
C) it is a demand for people, not inanimate objects.
D) the demand for labor is more inelastic than the demand for the goods and services produced with this labor.
B
Economics
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Refer to the above table. If the price is $3, the perfectly competitive firm should produce
A) 102 units. B) 105 units. C) 103 units. D) 104 units.
Economics
Sam lives in a town with a population of 3,000 . He says, "This town really needs a pizza restaurant. People want pizza and would be willing to pay a lot for it, but no one will open a pizza place because they couldn't make any money." Evaluate Sam's statement
Economics