Causes differences in wages paid to different types of labor

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How is marginal revenue product for labor found and is there a simpler and easier method to find it other than the formula given on page 230? 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?

Reference no: EM131112490

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