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Suppose the demand for labor is given by MPL = 200 -0.5L where L is the number of workers and MPL = the wage
Suppose the demand for labor is given by MPL = 200 -0.5L where L is the number of workers and MPL = the wage w (assume that the price is $1). The supply of labor is given by 100 + 4w where w is the wage. The government imposes a minimum wage of 60. This minimum wage creates wage but do not have jobs) in this labor market. unemployed workers (willing to work at this
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Social Media Marketing A Strategic Approach
Authors: Melissa Barker, Donald I. Barker, Nicholas F. Bormann, Krista E. Neher
1st edition
538480874, 978-1285402147, 1285402146, 978-0538480871
