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Intuitively (see the graph on part i), as long as, for any N, the minimum wage (say,?!'( = 11)is greater than the real wage on
Intuitively (see the graph on part i), as long as, for any N, the minimum wage (say,?!'( = 11)is greater than the real wage on the inverse labor supply, every additional unit of employment will cost w, as the employer will not have to increase the wage in order to increase
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