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JKCPA, CPA
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Experience:  Bachelors degree and CPA with Accounting experience.
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when is the firms demand for labor considered a derived demand

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when is the firm's demand for labor considered a "derived demand" since it is derived from:
a. The supply of labot
b. the market for capital
c. the consumer demand for the final product produced by labor or
d. the demand for enterpreneurship
???
In the United States what is The distribution of income per person by selected household characteristcs most affected by? Distribution of the suppply of labor, the amount of education that the individual household worker has obtained, the region of household, or the halth care cost?
PLEASE ANSWER ASAP!!!

HelloCustomer

 

Thanks for your question. The answers are:

 

1. c. the consumer demand for the final product produced by labor. If demand for the firm's output increases, the firm will demand more labor and will hire more workers. Therefore, the demand for labor is a derived demand.

 

2. In the United States what is The distribution of income per person by selected household characteristics most affected by? the amount of education that the individual household worker has obtained.

 

Hope this helps,

Best regards,

 

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