Assignment: Labor Market
Explain the Labor Market for Sunbeam bread company in atleast 6 slides:
• 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
References must be from peer reviewed sources