LABOR ECONOMICS LOOSELEAF 8/E
8th Edition
ISBN: 9781264010516
Author: BORJAS
Publisher: MCG
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Chapter 4, Problem 4P
To determine
The market clearing wage rate with and without immigration.
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Consider the market for sweaters in a Hamilton
neighbourhood shown in the figure to the right. The
consumer surplus generated by consuming the 29th
sweater is
OA. $67.90.
OB. $58.20.
○ C. $77.60.
OD. $38.80.
○ E. $19.50.
Price ($)
97
68.0
48.5
29.0
29.0
Sweater Market
48.5
Quantity (Sweaters per week)
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Chapter 4 Solutions
LABOR ECONOMICS LOOSELEAF 8/E
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