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March 30, 2017

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Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.

  • Economics - ,

    Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors do you use to determine whether to invest in the additional capital and labor?

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