1. Business
  2. Economics
  3. 2 60 points total please show all work suppose the...

Question: 2 60 points total please show all work suppose the...

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2. (60 points total) Please show all work Suppose the labor supply for a firm is given by: and REAL Labor Demand is given by. ND 120 2N a)(5 points) What is the market clearing real wage and level of employment? b)lS points) Suppose the government imposed a minimum real wage of 30. How many workers are willing to work at a real wage of 30?

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