(Answered) Resource demand and supplynbspanswer each of the following

Management Studies

(Resource Demand and Supply)

Answer each of the following questions about the labor market:

a. Which economic decision makers determine the demand for labor? What is their goal, and what decision criteria do they use in trying to reach that goal?

b. Which economic decision makers determine the supply of labor? What is their goal, and what decision criteria do they use in trying to reach that goal?

c. In what sense is the demand for labor a derived demand?

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