Explain how the demand for capital is determined

Reference no: EM13900300

1) Using the value of its marginal products, explain how the demand for capital is determined.

2) List the factors that influence the supply of loanable funds and the factors that influence the demand for loanable fund.

3) Identify some reasons why an individual's labor supply curve is typically upward sloping.

4) Using market demand and market supply of labor, explain why unionized workers often command a higher wage rate than non-union labor.

Reference no: EM13900300

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