Research essay evaluating the economic performance of a US company labor market. Labor is an important input in the production of goods and services. The demand for labor is a derived demand because it depends on the demand of final goods and services. The wag is determined in the labor market at the intersection of the demand and supply curves for labor. The firms maximize profits so they hire labor up to the point where: MPL = wage, where the MPL � marginal product of labor. If the worker productivity increases or the price for the final good goes up then the demand for labor goes up. When the government increases the minimum wage the unemployment increases since firms will hire less workers while the supply of labor goes up. In your answer, please make sure to identify the firms and discuss in detail the products produced, the factors that affect the demand and supply for that product, trends in the company�s profits in the past 3 years, number of competitors in the industry and how the current economic environment affects the profits and the employment of the company.
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