Poussin proof - Revision history

en>Yobot: WP:CHECKWIKI error fixes + other fixes using AWB (10065)

2014-03-28T20:58:20Z

WP:CHECKWIKI error fixes + other fixes using AWB (10065)

← Older revision		Revision as of 22:58, 28 March 2014
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	~~{{Unreferenced\|date=November 2009}}~~		I'm Luther but I by no means really favored that name. Her spouse and her selected to reside in Alabama. What she enjoys performing is bottle tops collecting and she is trying to make it a occupation. My job is a manufacturing and distribution officer and I'm doing pretty great financially.<br><br>Check out my web site: [http://maltarenting.com/ActivityFeed/MyProfile/tabid/60/userId/175295/Default.aspx extended car warranty]
	'''Derived demand''' is a term in economics, where [[demand]] for a [[factor of production]] or [[intermediate good]] occurs as a result of the demand for another intermediate or [[final good]]. In other words, if the demand for a good such as wheat increases, then the productivity increases, which leads to an increase in labor. This may occur as the former is a part of production of the second. For example, demand for coal leads to derived demand for mining, as coal must be mined for coal to be consumed. As the demand for coal increases, so does its price. The increase in price leads to a higher demand for the resources involved in mining coal. And therefore:
	~~<blockquote>~~
	~~'''<math>MRP_L=MPP_L*P</math>'''~~
	~~</blockquote>~~
	~~Where MRP is the [[marginal revenue product]] of labor, MPP is the [[marginal physical product]] of labor, and P is the price of the physical product of labor.~~

	Demand for [[transport]] is another good example of derived demand, as users of transport are very often consuming the service not because they benefit from consumption directly (except in cases such as pleasure cruises), but ~~because they wish to partake in other consumption elsewhere.~~

	~~Derived demand applies to both consumers and producers. Producers have a derived demand for employees. The employees themselves are not demanded; rather, the skills and productivity~~ that ~~they bring are~~.

	~~Another example would be production~~ and ~~demand for fertilizer. Farmers need~~ to ~~grow crops, which is his main source of income. However,~~ in ~~order for these crops to grow, they need fertilizer for nourishment. Therefore, the farmers demand for fertilizer is derived from their demand to grow crops.~~

	~~Demand for tickets is a derived demand for entertainment~~. ~~Demand for entertainment~~ is ~~the demand being satisfied when a ticket is bought. Hence purchasing the ticket is purely a means to an end. The ticket is merely a license to attend a specified event at a specified time~~ and ~~place. The ticket agency~~ is ~~merely that, an agent of the principal (the event owner) authorized~~ to make a ~~transaction with a prospective attendee on the behalf of the principal~~.

	~~When supply for~~ a particular good or service increases, the derived demand for factors of production needed in producing this good or service also increases. Therefore this drives up the price for the factors of production and ~~a firm~~'~~s average cost curve increases as it has incurred a variable cost e.g~~.: increase in wages. Conversely, when supply for a good or service decreases so does the derived demand for its inputs. This causes the price of factors of production to decrease, decreasing a firm's average cost curve.

	~~This is similar to the concept of~~ [~~[joint demand]] or complementary goods~~. ~~One good or service is the complement of another. In other words, when you buy a car it will not work unless it has fuel (petrol~~/~~diesel etc~~.~~). As a result, if the price of fuel rises as they have been doing recently, so too does the overall cost of owning the~~ car~~. Hence fuel is the complementary good of the car. Again one buying a mobile phone is likely to buy call credit for recharge~~

	~~{{DEFAULTSORT:Derived Demand}}~~
	~~[[Category:Business economics~~]]
	~~[[Category:Demand]]~~
	~~Sources: Penrith High School~~

en>GirasoleDE at 15:01, 12 May 2013

2013-05-12T15:01:59Z

← Older revision		Revision as of 17:01, 12 May 2013
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	The ~~name~~ of the ~~writer~~ is ~~Nestor~~. ~~I currently reside~~ in ~~Alabama~~. ~~Managing people is how I make cash~~ and ~~it's some thing I truly enjoy~~. The ~~favorite pastime~~ for ~~him and~~ his ~~children~~ is to ~~perform badminton but he~~ is ~~struggling~~ to ~~find~~ time for it.~~<br><br>My blog post~~ :~~: extended auto warranty -~~ [~~http:~~/~~/www~~.~~team-qnak~~.~~com/qnak/index~~.~~php?mod=users&action=view&id=8348 please click~~ the ~~following article~~],		{{Unreferenced\|date=November 2009}}
			'''Derived demand''' is a term in economics, where [[demand]] for a [[factor of production]] or [[intermediate good]] occurs as a result of the demand for another intermediate or [[final good]]. In other words, if the demand for a good such as wheat increases, then the productivity increases, which leads to an increase in labor. This may occur as the former is a part of production of the second. For example, demand for coal leads to derived demand for mining, as coal must be mined for coal to be consumed. As the demand for coal increases, so does its price. The increase in price leads to a higher demand for the resources involved in mining coal. And therefore:
			<blockquote>
			'''<math>MRP_L=MPP_L*P</math>'''
			</blockquote>
			Where MRP is the [[marginal revenue product]] of labor, MPP is the [[marginal physical product]] of labor, and P is the price of the physical product of labor.

			Demand for [[transport]] is another good example of derived demand, as users of transport are very often consuming the service not because they benefit from consumption directly (except in cases such as pleasure cruises), but because they wish to partake in other consumption elsewhere.

			Derived demand applies to both consumers and producers. Producers have a derived demand for employees. The employees themselves are not demanded; rather, the skills and productivity that they bring are.

			Another example would be production and demand for fertilizer. Farmers need to grow crops, which is his main source of income. However, in order for these crops to grow, they need fertilizer for nourishment. Therefore, the farmers demand for fertilizer is derived from their demand to grow crops.

			Demand for tickets is a derived demand for entertainment. Demand for entertainment is the demand being satisfied when a ticket is bought. Hence purchasing the ticket is purely a means to an end. The ticket is merely a license to attend a specified event at a specified time and place. The ticket agency is merely that, an agent of the principal (the event owner) authorized to make a transaction with a prospective attendee on the behalf of the principal.

			When supply for a particular good or service increases, the derived demand for factors of production needed in producing this good or service also increases. Therefore this drives up the price for the factors of production and a firm's average cost curve increases as it has incurred a variable cost e.g.: increase in wages. Conversely, when supply for a good or service decreases so does the derived demand for its inputs. This causes the price of factors of production to decrease, decreasing a firm's average cost curve.

			This is similar to the concept of [[joint demand]] or complementary goods. One good or service is the complement of another. In other words, when you buy a car it will not work unless it has fuel (petrol/diesel etc.). As a result, if the price of fuel rises as they have been doing recently, so too does the overall cost of owning the car. Hence fuel is the complementary good of the car. Again one buying a mobile phone is likely to buy call credit for recharge

			{{DEFAULTSORT:Derived Demand}}
			[[Category:Business economics]]
			[[Category:Demand]]
			Sources: Penrith High School

en>RDBury: /* External links */ rm cat, article does not contain any proofs.

2010-01-20T16:42:31Z

External links: rm cat, article does not contain any proofs.

New page

The name of the writer is Nestor. I currently reside in Alabama. Managing people is how I make cash and it's some thing I truly enjoy. The favorite pastime for him and his children is to perform badminton but he is struggling to find time for it.<br><br>My blog post :: extended auto warranty - [http://www.team-qnak.com/qnak/index.php?mod=users&action=view&id=8348 please click the following article],