Business
Business, 01.12.2021 04:00, hi105

g In all equations, L is the number of workers demanded or supplied. Suppose there are currently a total of 4000 workers with a degree and 4000 without a degree of working age. Assume there is no frictional unemployment in Santa Prisca. (a) Determine how high wages would need to be in each market to reach a 100% labor-force participation rate. (b) Determine the equilibrium wage and number of employed workers in each market.

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g In all equations, L is the number of workers demanded or supplied. Suppose there are currently a t...

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