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Here are some questions about the job market: Draw the typical form of the labor market supply in a suitable graph. Explain why the labor
Here are some questions about the job market:
- Draw the typical form of the labor market supply in a suitable graph.
- Explain why the labor market supply looks the way it does.
- Draw and explain the consequences of income tax increases at different salary levels
- Derive (graphically) the company's demand for labor in the short term, assume full competition. Explain what you are doing.
- Now explain how we get the market's demand for labor.
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