For a competitive,profit-maximizing firm,what will cause the demand curve for labour to shift in response

Question

Quizplus · Accepted Answer

A change in the price of the product that the firm sells will cause a shift in the demand curve for labor because it affects the firm's profitability and willingness to hire additional workers. If the price of the product increases, the firm's revenue and profit will increase, which may lead to an increase in demand for labor as the firm hires more workers to produce more goods. Conversely, if the price of the product decreases, the firm's revenue and profit will decrease, which may lead to a decrease in demand for labor as the firm reduces its workforce to cut costs. A change in wage rate, quantity of labor demanded, or size of the labor force may impact the firm's labor demand, but these factors don't directly shift the demand curve.

For a Competitive,profit-Maximizing Firm,what Will Cause the Demand Curve for Labour