The idea that the demand for autoworkers stems from the demand for automobiles is A decrease in the wage rate will change When a large amount of output is produced per unit of the input, the input is said to exhibit
The demand for _________ is a "derived demand."
The demand for inputs is a derived demand because
A car manufacturing company adopts a new technology that, ceteris paribus, increases the productivity of capital. At the same time, workers unionize and demand higher wages. Assume that for this firm capital and labor are substitutable. Which of the following is most likely to occur?
Factors of production that can be used together to enhance the other's productivity are?