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22) Suppose the marginal product of labor is 22) MPN 200-0.5N is aggregate employment. The aggregate quantity of labor supplied is 300+8w, where where N w is the real wage. If a supply shock increases the marginal product of labor by 10 (to MPN- 210-0.5 N), by how much does employment increase? A) 8 B) 0 C) 10 D) 4 E) 16show work

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Answer #1

Answev riuen t hat The movgina pvoductthe lobo is eua to the Yea wage rate the giuen abor SuPply equation S 30ow To calculation the rea wa vate e uate the o bar Supply aldays equal the tabor demani ND =NS option Covveee

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