are25 - diminishing marginal labor productivity is assumed....

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What factors determine the elasticity of demand for labor? C. How can farm worker unions affect the elasticity of demand for labor? The demand for labor curve is a curve to show labor employers will demand at certain wages. Diminishing marginal productivity in which additional workers eventually lead to
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Unformatted text preview: diminishing marginal labor productivity is assumed. The curve also shows that higher wages lead to less demand for labor since it is more expensive. Unions prefer inelastic or less flat curves so that their wage increases do not have a huge effect on how much the employer wants labor....
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