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Question 4 Assume that a labor market has the following supply and demand functions: L3 = 179 + 7'W Ln = 636 4W where W

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Question 4 Assume that a labor market has the following supply and demand functions: L3 = 179 + 7'W Ln = 636 4W where W is the wage; Insurance is added as a benet for employees. Employers pay $19 per employee for insurance and the employees value the insurance at $111 What is the amount the employer pays after insurance? ROUND T0 TWO DECIMAL PLACES You Answered Correct Answer 46.64 margin of error +r 0.1

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