What are the two labor-demand shifters

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1. Why is the demand for factor inputs, such as labor, a derived demand?

2. What rule does a firm use when deciding to hire an additional worker?

3. What are the two labor-demand shifters? What are the three labor-supply shifters?

4. If wages are below the equilibrium level, what would cause them to rise?

Reference no: EM131301039

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