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 real wage?
A) 5
B) 10
C) 15
D) 20
Correct Answer:
Verified
Correct Answer:
Verified
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