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Please show step by step on how the calculations are made: Thank you.

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Question 1:

A firms labor demand and labor supply equations are shown below. Labor demand equation: Ld = 50 – 4w Labor supply equation:

Question 2:

The table below uses data for the year 2016, adjusted to be comparable to each other. All population values are in thousands.b. In part a, you should have found that the unemployment rates of the three countries differ significantly from one another.Question 3:

Assume that the labor demand equation for a fictional country is: Lo= 30 – W, where w is the wage per hour worked and Ld is t

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Answer #1

a m 6) is achieved when Lo=ts so-4w = -20+3 w 70 70 wage rate -lo 4 Labor = soru(10) = 10 26 wage rises by 10%. then neus mag

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