{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

are22 - lead to less demand for labor since it is more...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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 diminishing marginal labor productivity is assumed. The curve also shows that higher wages
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 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....
View Full Document

{[ snackBarMessage ]}