The Demand for Labour Is a Derived Demand

question 70

Multiple Choice

The demand for labour is a derived demand. Until what point do employers hire workers?

• A) when the wage rate equals the marginal revenue product of labour
• B) when last worker hired adds nothing to total output
• C) when the wage rate equals the average product of labour
• D) when the average product of labour is zero

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Definitions:

Sex

In psychology, the biologically influenced characteristics by which people define male and female.

Biopsychosocial Approach

A holistic view of health that includes biological, psychological, and social factors in understanding and treating illness.

Sexual Motivation

The desire to engage in sexual activity, influenced by biological, psychological, and social factors.

Social-Cultural Influences

Factors in society and culture that impact individual behavior, thinking, and emotions, including norms, values, customs, and beliefs.