Which Will Not Directly Be a Determinant of the Price

question 36

Multiple Choice

Which will not directly be a determinant of the price elasticity of demand for labor?

• A) The price of labor
• B) The substitutability of other resources for labor
• C) The elasticity of demand for the product it produces
• D) The total cost of labor as a proportion of the total cost of producing units of output

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Definitions:

Income before Income Taxes

Income before income taxes is a financial measure that represents a company's earnings before tax expenses have been deducted.

Interest Expense

The cost incurred by an entity for borrowed funds, reflected as a charge on the income statement.

Average Collection Period

The average number of days it takes for a company to receive payment from its customers for invoices issued.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's receivables are converted into cash over a period, measuring the efficiency of a company in collecting its debts.