Assume that a labor market has the following supply and demand functions: L3 =195+7w L0: 725 6W

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Assume that a labor market has the following supply and demand functions: L3 =195+7w L0: 725 6W 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 $15. What is the amount of labor before insurance? ROUND TD TWO DECIMAL PLACES

Posted Date: Jun 21, 2024 07:08 PM

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Assume that a labor market has the following supply and demand functions: L3 =195+7w L0: 725 6W

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