demand for labor

1. In the context of your firm, discuss two factors that would increase your demand for labor.
2. If the market price of the good or service that your firm produces increases, what would happen to your
demand of labor?
3. What if the government raised the minimum wage. How would this policy effect your firm?
4. Use the readings from the background page. In general, do you think the government should intervene in the
market?
 
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