Suppose that the production function is Y-9 K With this production function, the marginal product of laboris MPN = 4.5 K05/05 The labor supply curve is NS 110×[(1)xw, where w is the real wage rate, t is the tax rate on labor income, and hence (1)xw is the after-tax real wage rate. The capital stock is K = 25 Assume that the tax rate on labor income, t. equals zero. Which of the following equations represents the labor demand curve? AND=45/N°5 OB. ND 125/w CND=506.25/² OD. ND-112 5/² OEND=125 x Nº The equilibrium level of the real wage is (Round your answer to two decimal places)

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