lectur9-page29

lectur9-page29 - / P1971) * 100 = (($5.00 - $1.64) / $1.64)...

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Analysis: 4.% change in price of labor, from 1971 to 1987 = ((P1987 - P1971 )
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Unformatted text preview: / P1971) * 100 = (($5.00 - $1.64) / $1.64) * 100 = 204.9%...
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