Question
Firm would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage rate is $15. Firm B will
Firm would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage rate is $15. Firm B will hire 30,000 workers if the wage is $20 but will hire 33,000 workers if the wage is $15. Which firm is more sensitive to the change in wage?
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Slavery And American Economic Development
Authors: Gavin Wright
1st Edition
0807152285, 9780807152287
