Answer:
(a) The market-clearing real wage rate equates the demand and supply of labor.Setting
w = MPN = 0.002(16,000 - N), we get w = 32 - 0.002(1000 + 1000w) = 32 - 2 - 2w.
Using algebra gives 3w = 30, so w = 10. Plugging into the labor supply equation g
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Chap 4 Homework:
1) Find a the complementary and supplementary angles to if =
5
2) Find the exact value of the 6 trig functions
3) Find the exact value of the 6 trig functions if Cos() =
4
5
and is in quadrant 3
4) For the function
() = 2 ( + )
2
a