Multiple Choice
Suppose the marginal product of labor is MPN = 200 - 0.5N
Where N is aggregate employment.The aggregate quantity of labor supplied is 300 + 8w,where w is the real wage.What is the equilibrium quantity of employment?
A) 12
B) 190
C) 380
D) 760
Correct Answer:
Verified
Correct Answer:
Verified
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