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Assume that a labor market has the following supply and demand functions: L3=211+7W LD=650-3W where W is the wage. Insurance is added as a benet

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Assume that a labor market has the following supply and demand functions: L3=211+7W LD=650-3W where W is the wage. Insurance is added as a benet for employees. Employers pay $19 per employee for insurance and the employees value the insurance at $14. What is the new wage with insurance? ROUND TD TWO DECIMAL PLACES

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