SQ5_LaborMarkets

A on separate graphs sketch the labor demand curve in

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Unformatted text preview: usie hire? 3. Consider an economy with 600 workers. There are two industries: industry A and industry B. The skills needed to perform the work in both industries are identical. The labor demand curves in the two industries are given by: LA=800- 50WA LB=1600- 100WB A is the quantity of labor demanded in industry A, LB is the quantity where L of labor demanded in industry B, WA is the wage...
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This note was uploaded on 02/13/2014 for the course ECON 2 taught by Professor Kim during the Winter '08 term at UCSD.

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