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There are many skills that people value, such as being able to dance the tango, play a guitar, or speak a foreign language. Pick one
There are many skills that people value, such as being able to dance the tango, play a guitar, or speak a foreign language. Pick one skill you are good at and ponder your willingness to teach a one-hour lesson, in LA downtown, at 9:00PM this coming Friday. How much would you need to be paid to convince you to be a supplier in this market? What factors determine your willingness to accept? Try to use the theoretical and economic perspective to explain your statement.
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