drodvold11 drodvold11
  • 03-10-2018
  • Business
contestada

explain the relationship between wages and derived demand

Respuesta :

Nonportrit
Nonportrit Nonportrit
  • 03-10-2018

Here is you're answer:

Wages is the amount of money a person gets paid for labor, derived demand is a demand for more money because of the increase of labor the workers have to do. To conclude the relationship between the two is that "if the worker gains more labor they would make a derived demand to increase their wage."

Hope this helps!

Answer Link

Otras preguntas

The perimeter of a square is 36 inches. Find the length of a diagonal. Round your answer to the nearest tenth.
What were three ways that women's lives improved during world war 1 and in the 1920? Explain.
The Mounted Color Guard members are active duty Marines who volunteer their time evenings, weekends and holidays to perform these duties, in addition to their r
Where is the location of the vertex of the parabola on a coordinate grid y=x^2+2x+1
How can exercise help you manage your stress
what is the mean absolute deviation for the data 30,30,35,35,40? Please help me...I need the answer as fast as possible. Thanks! :D
1. How many of the sources you are provided should you use in your essay? 2. In an informative essay, what is the minimum number of reasons/body paragraphs you
what empire was the first to unify india
Five friends share 3 bags of trail mix equally. What fraction of a bag of trail mix does each friend get? Please explain or show your work! :)
k=13t-2 find the output of k when the of t is 3