![]() ![]() So what this means is that the demand for labor as well as other factors of production? Well, it's a derived demand. ![]() So you can imagine as there's more and more demand for a good, there's gonna be more and more demand for the labor to produce the good. Right? So it's gonna depend on the demand for the good. So you're not gonna demand laborers to produce these booger flavored pizzas that no one wants to buy. Okay, so the good being produced, you can imagine if it's some good that no one wants to buy, like, I don't know, like a booger flavored pizza or something like that. So in this case it's the firm that is demanding the labor and it's the individuals who supply the labor, right? So when we see a firm's demand for labor, well it's gonna depend, it depends on the demand for the good being produced. So remember we're talking about the demand for labor. Alright, So now let's discuss the firm's demand curve for labor in a little more detail. ![]()
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