ch 11 Flashcards
1
Q
what type of demand is the demand for labour
A
derived demand
2
Q
mrp =
A
mp x p of a good
3
Q
when do you hire workers
A
when wage = mrp
4
Q
A
what type of demand is the demand for labour
derived demand
mrp =
mp x p of a good
when do you hire workers
when wage = mrp