How does Wandas demand for labor change? What happens to the number of students that Wanda employs?

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How does Wanda’s demand for labor change?

What happens to the number of students that Wanda employs?

The market price of fish falls to 66¢ a pound, but the packers’ wage rate remains at $12.50 an hour.

Wanda’s is a fish store that hires students to pack the fish. Students can pack the following amounts of fish:image text in transcribedThe fish market is competitive and the price of fish is $1 a pound. The market for packers is competitive and their market wage rate is $12.50 an hour.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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