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kkasa/Econ305_Pset1_11_solns.pdf · Notice that this is a downward sloping function of w. Also notice that labor demand increases (i.e, shifts right) when either productivity or the

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Page 1: kkasa/Econ305_Pset1_11_solns.pdf · Notice that this is a downward sloping function of w. Also notice that labor demand increases (i.e, shifts right) when either productivity or the
Page 2: kkasa/Econ305_Pset1_11_solns.pdf · Notice that this is a downward sloping function of w. Also notice that labor demand increases (i.e, shifts right) when either productivity or the
Page 3: kkasa/Econ305_Pset1_11_solns.pdf · Notice that this is a downward sloping function of w. Also notice that labor demand increases (i.e, shifts right) when either productivity or the