The Economics of Labor Markets
General Motors is the Organization
Develop a 15- to 20-slide Microsoft® PowerPoint® presentation to be presented to the CEO’s executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor
How General Motors production function is related to its marginal product of labor
How General Motor marginal product of labor is related to the value of its marginal product
How General Motor 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
