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Solve this problem below Labour market: where a, B1, B2 > 0; N = labor The supply of labor, NS is where yo, V1 >

Solve this problem below

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Labour market: where a, B1, B2 > 0; N = labor The supply of labor, NS is where yo, V1 > 0, t = tax rate, w = wage rate a) Derive an equation representing the demand for labor, say ND. b) Find the equilibrium wage rate, output (Y.), and employment ( N.)

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