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What factors determine the elasticity of labor demand

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Reference no: EM131165837

1. How is marginal revenue product for labor found and is there a simplier.

2. What factors can cause changes in the demand for labor for a firm?

3. What factors determine the elasticity of labor demand?

4. What is a monopsony in labor hiring and what happens to the wage rate paid?

5. What factors causes differences in wages paid to different types of labor?

Discussion: Why are water tower painters paid more than wall painters?

Reference no: EM131165837

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