Labor demand is less elastic when:
a. the demand for output is more elastic.
b. a large amount of labor is essential to the production process.
c. there are many substitutes for labor in the production process.
d. the inputs that could be substituted for labor are relatively inexpensive.
Answers: 2
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Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false
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While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.
Answers: 2
Labor demand is less elastic when:
a. the demand for output is more elastic.
b. a large amo...
b. a large amo...
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