The Demand for Labour Depends Primarily on the Additional Output

question 76

Multiple Choice

The demand for labour depends primarily on the additional output produced as a result of hiring an additional worker and

• A)the additional revenue received from selling the output produced as a result of hiring an additional worker.
• B)the payment made to the worker for producing the additional output.
• C)the elasticity of demand for the output produced by the worker.
• D)the number of workers willing to produce the additional output.

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Definitions:

Working Capital Management

The managing of short-term assets and liabilities.