Assume that a labor market has the following supply and demand functions: L3 = 76 + 9W Ln = 746- 2w where W is the
Assume that a labor market has the following supply and demand functions: L3 = 76 + 9W Ln = 746- 2w where W is the wage. Insurance is added as a benet for employees. Employers pay $1 5 per employee for insurance and the employees value the insurance at $15. What is the new wage with insurance? ROUND TU TWO DECIMAL PLACES
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