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How is labor different from other inputs that firms use? What determines the amount and type of an industry's demand for labor? Do firms always

  1. How is labor different from other inputs that firms use?
  2. What determines the amount and type of an industry's demand for labor?
  3. Do firms always pursue the cheapest labor? Why or why not?
  4. What is human capital and why is it important?
  5. How does land figure into the locational calculus of firms?

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