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I need a through d answered Consider an economy with two sectors agricultural and services Demand for labor in agricultural and services are described by
I need a through d answered Consider an economy with two sectors agricultural and services Demand for labor in agricultural and services are described by these equations -200-6W. L-1000W Where Lisabor in number of workers. Wisthe wagin dollars), and the subscripts denote the sector. The economy has 1000 workers who are willing and able to work in either sector Supoose workers are free to move between sectors, and wages adjust to equilibrate labor supply and labor demand. Calculate wage and employment in cach sector. NB: Write out only your final answer Suppose union establishes itself in the agricultura sector pushes arcultural wat to 525. Caleate employment in agricultural sector INB: Write out only your final answer In the aftermath of the unioniration of the actual sector, al workers who cannot get the glad union jose to the service sector Calculate the viage and employment in vices INB: Write out only your final answer d. Now suppose that workers have a reservation wage of $15-buttather than the job ata wage below as they would rather wait for a $25 union job to opence Calculate the wage and Employment in each sector What is the economplete: Write out only your final answer I need a through d answered Consider an economy with two sectors agricultural and services Demand for labor in agricultural and services are described by these equations -200-6W. L-1000W Where Lisabor in number of workers. Wisthe wagin dollars), and the subscripts denote the sector. The economy has 1000 workers who are willing and able to work in either sector Supoose workers are free to move between sectors, and wages adjust to equilibrate labor supply and labor demand. Calculate wage and employment in cach sector. NB: Write out only your final answer Suppose union establishes itself in the agricultura sector pushes arcultural wat to 525. Caleate employment in agricultural sector INB: Write out only your final answer In the aftermath of the unioniration of the actual sector, al workers who cannot get the glad union jose to the service sector Calculate the viage and employment in vices INB: Write out only your final answer d. Now suppose that workers have a reservation wage of $15-buttather than the job ata wage below as they would rather wait for a $25 union job to opence Calculate the wage and Employment in each sector What is the economplete: Write out only your final
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