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    Exam 18: Personal Taxation and Behavior
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    Suppose the Labor Supply Equation Is L = (W/3)- (4/3)
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Suppose the Labor Supply Equation Is L = (W/3)- (4/3)

Question 14

Question 14

Essay

Suppose the labor supply equation is L = (W/3)- (4/3).The wage rate is initially 5.What is the amount of producer surplus here?

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Putting in a wage of...

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