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[Builds on Q4(a)] There is a shortage of bakers AND capital in your hometown! This increases the market wage from 1010 to w, and the
[Builds on Q4(a)]
There is a shortage of bakers AND capital in your hometown! This increases the market wage from 1010 to w, and the cost of capital from 4040 to 5050. Immediately after these price changes, you change your short-run input of labour to =64N=64. What is w?
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