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Unformatted text preview: price of output drops • Due to government subsidies to technical colleges, the number of workers with suitable technical skills increases. Wages flexible? What does it mean….find out VMPL curve – price of output and …. Labor curve = VMPL curve? Better/more technology labor productivity UP demand for labor UP Skilled workers UP demand for high skilled labor UP Outsourcing demand for low skilled labor DOWN...
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This document was uploaded on 08/10/2011.
- Spring '11