a67weex964 a67weex964

16-05-2024
Business

Answered

4. Suppose a firm's Demand curve for labor is given by the equation W=40-0.5 L. Sketch this below.
a. What is the maximum willingness to pay (wage) worker 20 ? Show your work.
b. Explain how you know this is the maximum willingness to pay worker 20.

Answer :

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