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Suppose the Marginal Product of Labor Is

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Suppose the marginal product of labor is Suppose the marginal product of labor is    ,where Y is 12,and L is the quantity of workers.The supply of labor is given by L = 110 + 2.5 × w.Calculate the changes that occur in (a)employment,(b)unemployment,and (c)the size of the labor force,when the real wage declines from 45 to 42.
,where Y is 12,and L is the quantity of workers.The supply of labor is given by L = 110 + 2.5 × w.Calculate the changes that occur in (a)employment,(b)unemployment,and (c)the size of the labor force,when the real wage declines from 45 to 42.

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When the real wage is 45,labor demand is...

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