Multiple Choice
Suppose labor supply can be described as ES = 0.1w − 1000 where w is yearly salary. What yearly salary must be paid to encourage 6000 workers to accept jobs?
A) $30,000
B) $40,000
C) $50,000
D) $60,000
E) $70,000
Correct Answer:
Verified
Correct Answer:
Verified
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