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?