Consider a Firm's Demand Curve for Labour

question 39

Multiple Choice

Consider a firm's demand curve for labour.If a technological change makes it easier to substitute capital for labour,the demand curve for labour

• A)shifts parallel to the right.
• B)shifts parallel to the left.
• C)becomes more inelastic.
• D)becomes more elastic.
• E)is not affected.

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Definitions:

Hering's Theory

A theory in color vision proposing that the visual system interprets color in terms of opposing pairs: blue-yellow, red-green, and black-white.

Volley Principle

A theory explaining how auditory nerve cells collectively respond to sounds of high frequency by firing in rapid succession, allowing for the perception of pitch in the auditory system.

All Cones

A condition referring to the photoreceptor cells in the retina responsible for color vision; typically used to discuss scenarios involving full color perception.

Mostly Rods

Refers typically to areas in the human retina that are densely populated with rod cells, which are more numerous than cone cells and are responsible for night vision.