The market demand for labor depends on all of the following except:

Question

Quizplus · Accepted Answer

The market demand for labor is determined by factors such as the number of employers, the marginal revenue product of labor, and the marginal physical product of workers, which all affect how much labor employers are willing to hire at different wage rates. Each worker's willingness to work at alternative wage rates, however, is a factor that influences the supply of labor, not the demand for labor.

The Market Demand for Labor Depends on All of the Following