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QUESTION
a. Suppose that the supply function changed to w = 10 + 0.9 E . What would be the new values of the hourly wage, the product price, and nurse
a. Suppose that the supply function changed to w = 10 + 0.9 E . What would be the new values of the hourly wage, the product price, and nurse employment?
b. Assuming the original supply function of nurses, what would be the new values of the hourly wage, the product price, and nurse employment if nurses were able to monitor only two rooms per hour?
