(g) If w = 1, nd the optimum of leisure h and consumption x. (h) Find the individual supply of l (do not assume w = 1). (i) Find the market supply of labor.Assume that the amount of labor (hours worked) is traded in a competitive market.(j) What will be the equilibrium wage rate w*? (k) What will be the equilibrium level of labor?
Market supply of labor
Get your custom paper done at low prices
275 words/page
Double spacing
Free formatting (APA, MLA, Chicago, Harvard and others)
12 point Arial/Times New Roman font
Free title page
Free bibliography & reference
TESTIMONIALS
What Students Are Saying
Outstanding service, thank you very much.
Awesome. Will definitely use the service again.