Describe the construction of the firm’s demand curve for labour in the short run. Describe the relationship between the firm's demand curve for labour in the short-run and the market demand curve for labour in the short-run. In particular, is one curve likely to be more or less elastic than the other?     Can you please specify why the curve is more elastic than the other.   And include diagram

Microeconomic Theory
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ISBN:9781337517942
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Chapter10: Cost Functions
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Describe the construction of the firm’s demand curve for labour in the short run. Describe the relationship between the firm's demand curve for labour in the short-run and the market demand curve for labour in the short-run. In particular, is one curve likely to be more or less elastic than the other?  

 

Can you please specify why the curve is more elastic than the other.

 

And include diagram

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