Assume that a labor market has the following supply and demand functions: L5 = 175 + 8W Ln = 517 SW where W is the
Assume that a labor market has the following supply and demand functions: L5 = 175 + 8W Ln = 517 SW where W is the wage. Insurance is added as a benefit for employees. Employers pay $17 per employee for insurance and the employees value the insurance at $19. What is the amount of labor after insurance? ROUND T0 TWO DECIMAL PLACES 419.11
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