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Explain how is the demand for labor determined. What would cause employers to hire less workers at the same wage rate?

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Anne Gillian Duero
Anne Gillian DueroLv10
28 Sep 2019
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Related questions

a) Explain where a firm's demand for labour comes from (how is the demand for labour determined).

b) Give three reasons why the demand for labour will decrease (hint: I am asking about the demand for labour and NOT the Quantity Demanded, which is the actual amount of workers being hired. In other words, what would cause employers to hire fewer workers at the same wage rate?).

WORKERS


1.Most people are consumers, making demand decisions in product markets, and also workers, making

supply decisions in resource markets. How do workers choose how much of their labor service they
are willing to sell? Is the quantity supplied likely to rise or fall when the wage rate is higher?


2. what are some techniques employers can use to improve workers productivity? Consider both carrots and sticks


HIRING MANAGER


1.Workers make the supply decisions in labor markets, but firms (represented by hiring managers)

make the demand decisions. Will firms want to hire more workers or fewer workers when the wage
rate rises? Explain your answer.

2. discuss some events that would be expected to increase job creation. how can govenrment policy be used to stimulate job creation?


(OWN WORDS PLEASE ) THANKS

A local snowboard firm wants to produce 200 snowboards next month. The firm must hire more labor in order to produce at this level (Q=200), and is faced with the option of hiring either skilled or unskilled workers (denoted by S and U, respectively). Should the firm hire always hire the most skilled workers? Under what conditions would the firm hire unskilled workers? Under what conditions would the firm hire skilled workers? Please formally derive your conclusions.

Assume the following:

Production Function: Q=aS+U

Total Cost = W sS +WuU

Ws= wage of skilled workers

Wu= wage of unskilled workers

Now assume that Ws = 10, Wu = 8 and a = 2. Would the firm hire more skilled or unskilled workers? Explain.

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