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Suppose Labor Supply Can Be Described as ES = 0

Question 10

Multiple Choice

Suppose labor supply can be described as ES = 0.1w - 1,000 where w is yearly salary.How many more workers are willing to work at a yearly salary of $40,000 than at a yearly salary of $35,000?


A) 50
B) 100
C) 500
D) 1,000
E) 5,000

Correct Answer:

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