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. Suppose labor supply can be described as ES = 0.1w - 2,000 where w is yearly sala a. How many workers are willing to work when the yearly salary is $20,000? b. How many workers are willing to work when the yearly salary is $30,000? c. How many workers are willing to work when the yearly salary is $10,000?

. Suppose labor supply can be described as ES = 0.1w - 2,000 where w is yearly sala a. How many workers are willing to work when the yearly salary is $20,000? b. How many workers are willing to work when the yearly salary is $30,000? c. How many workers are willing to work when the yearly salary is $10,000?

Survey Of Economics
Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter10: Labor Markets And Income Distribution
Section: Chapter Questions
Problem 7SQ
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1. Suppose labor supply can be described as ES = 0.1w - 2,000 where w is yearly salary a. How many workers are willing to work when the yearly salary is $20,000? b. How many workers are willing to work when the yearly salary is $30,000? c. How many workers are willing to work when the yearly salary is $10,000?
Transcribed Image Text:1. Suppose labor supply can be described as ES = 0.1w - 2,000 where w is yearly salary a. How many workers are willing to work when the yearly salary is $20,000? b. How many workers are willing to work when the yearly salary is $30,000? c. How many workers are willing to work when the yearly salary is $10,000?
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