Hiring decisions in the markets for labor and capital

Topic Page

Questions

• How can the labor market equilibrium be affected by supply?
• What is a capital market?
• What are the differences between a market of labor and one of capital?
• What is a minimum wage?
• Why is the labor demand curve downward sloping like the demand curve for any other good or service?
• What affect does the law of demand have on a firm's marginal profit of labor?