Factor market demand is called a derived demand
because it
a.) derives its name from the Latin
factors.
b.) is derived from the market wage received by
workers.
c.) is derived from the productivity of
workers.
d.) is derived from the product
market.
Describe how total market demand for private and public goods
are derived. Explain why these two types of demand curves are
derived differently. The use of diagrams will make this question
easier to answer.
Labour As A Resource Market
Questions
1. Explain the difference between direct demand and derived
demand.
2. Why would a firm seek to equate its marginal revenue product
of labour (MRPL) with the market wage rate?
3. Explain what the term productivity means and why an
improvement in productivity shifts the demand curve for labour.
4. What is the opportunity cost of someone offering his or her
labour skills in the workplace?
5. Summarize the factors that can influence the...
1. Explain the main actors in the labour market.
2. Demand for labour is a derived demand. Explain this statement.
Give another example to illustrate the concept of derived
demand.
3. Explain two reasons why the labour market is unique
4. Mention four characteristics of the Ghanaian labour market
5. What are labour market outcomes? Give two examples.
labour economics question for final year University
students.
1. a. Graph a competitive firm and market in long-run
equilibrium; Explain why it is a long run equilibrium.
b. Graph and explain what happens in the short run with a
supported price floor.
c. Assume this is an increasing cost industry. Graph and explain
each step through the LR.
d. Show the same but for a price ceiling.
2. Show that whether the producers or consumers directly pay the
per-unit tax does not matter. Explain what does determine who...
The graph shows the market for tutoring in economics at a
university. A graph plots demand and supply curves with Quantity
(hours of tutoring per week) along the horizontal axis and Price
(per hour of tutoring) along the vertical axis. The supply curve
starts at 2.50 dollars on price and has a positive slope. The
demand curve starts at 25 dollars on price and has a steep negative
slope. The curves intersect at 300 hours on quantity, 10 dollars on...
The graph shows the market for tutoring at a university. A graph
plots demand and supply curves with Quantity (hours of tutoring per
week) along the horizontal axis and Price (per hour of tutoring)
along the vertical axis. The supply curve starts at 2.50 dollars on
price and has a positive slope. The demand curve starts at 25
dollars on price and has a steep negative slope. The curves
intersect at 300 hours on quantity, 10 dollars on price. The...
1A) Using the liquidity framework, explain supply and demand in
the money market include a graph.
1B) Using the loanable funds model, describe the relationship
between bond prices and the interest rate.