A Shift in a Firm's Demand Curve for Labour Occurs

question 2

Multiple Choice

A shift in a firm's demand curve for labour occurs for all of the following reasons except a change in

• A)the prices of other factors of production.
• B)technology.
• C)the price of the firm's output.
• D)wage rate.
• E)marginal product of labour.

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Definitions:

Labor Shortages

Situations where there are insufficient workers to fill the employment needs in certain industries, often leading to increased wages and recruitment efforts.

New Mexico

is a state located in the southwestern region of the United States, known for its diverse culture and history, as well as its unique landscapes and national monuments.

North America

A continent in the northern hemisphere, bounded by the Arctic Ocean, Atlantic Ocean, and the Pacific Ocean, including countries like Canada, the United States, and Mexico.

Caribbean

A region consisting of the Caribbean Sea, its islands, and the surrounding coasts, known for its diverse cultures, languages, and historical significance.