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31 May, 16:17

Which of the following is an example of a firm's derived demand? a. The wage that a worker earns is a function of her human capital. b. A firm's demand for college textbook study guide authors is inseparably linked to the supply of college textbooks. c. Factors that increase the demand for labor will increase the equilibrium wage. d. All of the above are correct.

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  1. 31 May, 18:57
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    Answer: Option B

    Explanation: In economics, derived demand is demand for a production factor or intermediate good arising from the demand for some other intermediate or final good.

    In general, a company's demand for, say, a production factor depends on consumer demand for the company's product. The commodities in such a demand structure are indirectly related to each other.

    Hence from the above we can conclude that the correct option is B as the demand for the authors guide is directly linked to other product that is college textbooks.
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