Respuesta :
The farmer currently uses large amount of capital than labour.
[tex]\frac{l}{k}[/tex] = [tex]\frac{w}{r}[/tex]
[tex]\frac{20}{10}[/tex] > 1
This statement ensures that the usage of machinery is more beneficial compared to labor.
The amount of hours a worker is willing and able to work in a particular period are referred to as their labor supply.
The amount of hours that individuals are willing and able to work at a specific wage rate is known as the labor supply.
What is meant by using labour supply?
The supply of labour is described as the amount of labour, measured in individual-hours, supplied for lease for the duration of a given time-length. Taking populace as given, the quantity of labour furnished relies upon on two most important elements
what's labour force and labour supply?
Labour supply - It refers back to the quantity of men and women willing to work at specific wage rates. It depends upon the present wage fee and is measured in phrases of man-days. Labour force - It refers to the quantity of individuals certainly operating or inclined to work.
Learn more about labor supply here :
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