Economics question! Che × to Los Angeles Harbor Colle × YouTube Dwww.saplinglear

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Economics question! Che × to Los Angeles Harbor Colle × YouTube Dwww.saplinglearning.com/ib.scms/mod/ibis/view.php?id=2141972 xEconomics question | Che >» sapling leaming Suppose that because of your outstanding performance so far in Principles of Microeconomics, you are offered a lucrative position advising your favorite corporate burrito company, Poblano Poblano wants your help in making hiring decisions. In particular, Poblano is interested in making predictions about how their demand for labor is going to be affected in several scenarios. Sort the items below according to their impact on Poblano's demand for labor Will Increase Poblano's Demand for Labor Will Decrease Poblano's Demand for Labor Will Neither Increase nor Decrease Poblano's Demand for Labor Scientists discover that frequent There is a change in tastes in the areas that Poblano's is located with respect to fast-foodconsumption of burritos from Poblano in which consumers are seeking alternatives to leads to gastrointestinal problems conventional fast-food, like burgers and fries or sub sandwiches, and seeking out more Mexican and Japanese alternatives Scientists discover that frequent consumption of burritos from Poblano leads to a decrease in the risk of contracting cancer A decrease in the price of the Floorbot, a machine that uses sensors to mop/clean floors automatically without any human supervision The price of sunglasses has increased The development of a new soda dispenser that requires significantly less maintenance by Poblano workers Previous O Check Answer Next Exit Hint 21:48 ENG 05.12.2015

Explanation / Answer

(a) Change in taste away from fast food will reduce demand for Poblano Burritos, output will decrease and demand for labor will fall.

(b) Scientific discovery that burritos lower risk of cancer will increase burritos demand, will increase output & increase demand for labor.

(c) Price of sunglass will have no effect on Poblano's labor demand.

(d) Development of new soda dispenser will reduce demand for labor (by increasing automation)

(e) Decrease in Floorbot price will have no effect on Poblano's labor demand.

(f) Discovery that burritos increase Gastrointestinal problems will reduce demand for burritos, will reduce output and decrease demand for labor.

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