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.If the real wage is 50,what is the unemployment rate?

Question

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.If the real wage is 50,what is the unemployment rate?

Quizplus · Accepted Answer

The Answer of 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.If the real wage is 50,what is the unemployment rate?

Suppose the Marginal Product of Labor Is ,Where Y