INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi Factors of Production and Factor Markets soru detayı:

PAYLAŞ:

SORU:

What does the demand curve for labor show?


CEVAP:

A labor demand curve shows the number of workers firms are willing and able to hire at different wages.    If the labor market is competitive, the firm is a price-taker and can hire as many workers as it likes at the current wage.