What Will Happen to the Labour Demand Curve for Timber

question 96

Essay

What will happen to the labour demand curve for timber workers and why in the following cases:
a. the price of timber increases.
b. new harvesting technology increases the quantity of logs that can be processed.
c. several of the forestry company's sawmills have to be shut down to deal with toxic waste spills.

---

Definitions:

Revaluation Approach

A method of accounting that involves periodic updating of the carrying value of an asset or liability to its current market value.

Net Assets

The total assets of a company minus its total liabilities, representing the owners' equity.

Indirect Ownership Interests

Refers to ownership in an entity through intermediary entities rather than direct control or ownership of the underlying assets.

Direct Ownership Interests

Ownership interest in an asset or entity without intermediaries, implying direct control or influence over the asset or entity.