Asked by
Kelvin Souza
on Oct 12, 2024Verified
A firm's demand schedule for labor services
A) is independent of the demand for the firm's output.
B) will not change if technology changes.
C) depends on the amount of other inputs used by the firm.
D) is not related to the price of the firm's output.
Demand Schedule
A table that shows the quantity of a good or service that consumers are willing to buy at various prices.
Labor Services
The physical and mental efforts that people contribute to the production of goods and services.
Technology Changes
The process of innovation and the adoption of new or improved technologies and systems.
- Absorb information on what dictates the need for labor and different resources.
Verified Answer
AW
Learning Objectives
- Absorb information on what dictates the need for labor and different resources.