3 The Demand for Labor

Table 3.1 The Marginal Product of Labor in a Hypothetical Car Dealership (Capital Held Constant)

Figure 3.1 Demand for Labor in the Short Run (Real Wage)

Table 3.2 Hypothetical Schedule of Marginal Revenue Productivity of Labor for Store Detectives

Figure 3.2 Demand for Labor in the Short Run (Money Wage)

Figure 3.3 Effect of Increase in the Price of One Input (k) on Demand for Another Input (j), Where Inputs Are Substitutes in Production

Figure 3.4 The Market Demand Curve and Effects of an Employer-Financed Payroll Tax

Figure 3.5 Payroll Tax with a Vertical Supply Curve