26 Jul WHAT FACTORS CAN CAUSE CHANGES IN THE DEMAND FOR LABOR FOR A FIRM?
How is marginal revenue product for labor found and is there a simpler and easier method to find it Show more How is marginal revenue product for labor found and is there a simpler and easier method to find it other than the formula raginal revenue product=change in total revenue/unit change in labor. What factors can cause changes in the demand for labor for a firm? What factors determine the elasticity of labor demand? What is a monopsony in labor hiring and what happens to the wage rate paid? What factors causes differences in wages paid to different types of labor? Show less
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