The demand for labor is:
a. featherbedding demand.
b. All of the answers are correct.
c. marginal utility demand.
d. derived demand.
d
You might also like to view...
In a duopoly, if advertising only take customers from rivals rather than attracting new customers, then
A) the Nash equilibrium does not maximize the joint payoff B) the Nash equilibrium maximizes the joint payoff C) firms need to collude to maximize their joint payoff D) there is no dominant strategy
If there is a shortage in a free market, then
A. suppliers will decrease their output to match demand. B. consumers will offer to pay a lower price for the good, and the price will fall toward the equilibrium level. C. suppliers will accept any price below equilibrium. D. consumers will offer to pay a higher price for the good, and the price will rise toward the equilibrium level.