微观经济学英文课件:16 The Markets for Labor and Other Factors of Production.ppt

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The Markets for Labor and Other Factors of Production Why Are the New York Mets Paying Carlos Beltran a $17 Million Salary? After studying this chapter, you should be able to: Explain how firms choose the profit-maximizing quantity of workers to employ. Explain how people choose the quantity of labor to supply. Explain how equilibrium wages are determined in labor markets. Use demand and supply analysis to explain why compensating differentials, discrimination, and labor unions cause wages to differ. Discuss the role personnel economics can play in helping firms deal with human resources issues. Show how equilibrium prices are determined in the markets for capital and natural resources. The Markets for Labor and Other Factors of Production The Demand for Labor The Demand for Labor The Dema

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