supply of that labor.
Explain the following in your presentation:
- How your organization’s production function is related to its marginal product of labor
- How your organization’s marginal product of labor is related to the value of its marginal product
- How your organization’s marginal product is related to its demand for labor
- Examples of events that could shift the demand or supply of labor and why they do so
- Reasons a worker’s wages might be above the level that balances supply and demand
- An analysis of the impact that government policies addressing income inequity and poverty could have on labor demand or supply