Labour demanded and productivity

Related BrainMass Solutions

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  Nobody would demand labour alone, instead, people demand for goods, the in the production of goods, labour is then demanded (hence it is a derived good).

• marginal product theory

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  55779 Productivity and Cost What is meant by productivity, cost, and firm demand for one production factor. Can you please explain? Demand refers to how much (quantity) of a product or service is desired by buyers.

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  At this wage, the quantity of labour demanded by employers is exactly equal to the quantity of labour supplied.

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  Increase production of course results in increase in labour demanded. 3. a) At labour = 15, 70 cars are produced and at labour = 20, 100 cars are produced. Thus the marginal productivity is approximately (100 - 70)/(20 - 15) = 6.

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  His labour hours will also increase by 8 hours per day. What will be the impact on productivity (measured in crates per labour hour) if the buyer is hired? Compare current and proposed productivity.

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  Rather people demand labour because they want to produce other goods. It is the demand of those other goods that caused the demand of labour. And obviously, if the demand for other goods do not exist, then labour will not be demanded.

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  Does the production function exhibit the property of diminishing marginal productivity of labour? Determine the marginal revenue productivity of labour, MRPL. If the firm employs 100 people, what is the value of marginal revenue, MPL and MRPL?

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  What is the difference between Total productivity and Marginal productivity? Total productivity does not go down with the addition of on more unit of input. Consider labour for example.