8. Suppose the marginal product of labor is MPN = 200 - 0.5N where N is aggregate employment. The aggregate quantity of labor supplied is 300 + 8w, where w is the real wage. What is the equilibrium real wage? a. 5 b. 10 C. 15 d. 20

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8. Suppose the marginal product of labor is
MPN = 200 - 0.5N
where N is aggregate employment. The aggregate quantity of labor supplied is 300 + 8w,
where w is the real wage. What is the equilibrium real wage?
a. 5
b. 10
C. 15
d. 20
Transcribed Image Text:8. Suppose the marginal product of labor is MPN = 200 - 0.5N where N is aggregate employment. The aggregate quantity of labor supplied is 300 + 8w, where w is the real wage. What is the equilibrium real wage? a. 5 b. 10 C. 15 d. 20
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