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given the labour supply function , i)w=180 perfectly competitive ii)w=200 5L a monopsony. a) find the expressions for TLC , ALC and MLC b) draw
given the labour supply function ,
i)w=180 perfectly competitive
ii)w=200 5L a monopsony.
a) find the expressions for TLC , ALC and MLC
b) draw the ALC and MLC function and comment on the relations between them
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