As cellular phones have become more popular, some families have chosen not to ha

Question

As cellular phones have become more popular, some families have chosen not to have a "land line" (wired phone) in their homes This has led to a reallocation of labor between the labor market for celldar phone manufacturing and the labor market for telephone The new demand curve for workers who manufacture cellular phones O A. does not change O B. changes i, an indeterminate way O C. shits night O D. shits let Fill in the values for the marginal revenue product of labor (MRIP) for an output price of $2.(Enter your responses as integers.) Marginal Revenue Product of Labor Total Labor Units Inputs are demanded by a fim if and only if households demand the good or senvice produced by that firm. Which of the following best describes this statement? 0 A. Productivity of an input. O B. Derived demand O C. Marginal product of labor OD. Marginal revenue product.

Explanation / Answer

Ans)
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The new demand curve shifts to the right
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Derived demand

Total Labor Units Total Product Marginal Product=TPn-TPn-1 Price MRP=Price*MP 0 0 1 10 10 2 20 2 25 15 2 30 3 35 10 2 20 4 40 5 2 10 5 42 2 2 4 6 42 0 2 0

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