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The number of workers to hire is often an important decision of the firm because it affects the costs and profits of the firm. Write a 2-3 page paper on the following issues: 1. In the context of your firm CAMP BOW WOW, discuss two factors that would increase your demand for labor. (Be sure to review Chapter 12) 2. If the market price of the good or service that your firm CAMP BOW WOW produces increases, what would happen to your demand of labor? 3. What if the government raised the minimum wage. How would this policy effect your firm? 4. Use the readings from the background page. In general, do you think the government should intervene in the market? Assignment Expectations: Use concepts from the modular background readings as well as any good quality resources you can find from the cyberlibrary or other internet search engines. Please be sure to cite all sources within the text and a reference list at the end of the paper. Length: 2-3 pages double spaced and typed The following items will be assessed in particular: Your ability to examine the labor market in a particular firm. Some in-text references to the modular background readings (APA formatting not required). The essay should address each element of the assignment. Remember to support your answers with solid references. We will examine the labor market in this module. The demand and supply curves determine the wage and quantity of labor in each market.
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