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Consider an economy in which the marginal product of labor MPN is: MPN = 6003 N , where N is the amount of labor used.

Consider an economy in which the marginal product of labor MPNis:

MPN= 6003N, where N is the amount of labor used.

The amount of laborsupplied, NS, is givenby:

NS= 18 + 16w+ 3T, where w is the real wage and T is alump-sum tax levied on individuals.

Suppose that T= 38.

The equilibrium value of employment is

(Round y

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