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?