Which of the Following Would Decrease the Demand for Labor

question 132

Multiple Choice

Which of the following would decrease the demand for labor?
(i) a decrease in the output price
(ii) an increase in the output price
(iii) a labor-saving technological advance
(iv) a labor-augmenting technological advance

• A)(i) only
• B)(i) and (iii) only
• C)(ii) only
• D)(ii) and (iv) only

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Definitions:

Units Produced

The total number of units of product manufactured during a specific time frame.

Manufacturing Overhead Costs

These are indirect costs related to manufacturing that cannot be directly traced to specific units produced, such as utilities or maintenance expenses.

September

In the Gregorian calendar, it is the month that falls ninth in the sequence.

Variable Cost

Expenses that change in proportion to the level of production or sales activity.