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QUESTION
I need a quick 1 paged analysis within 45 minutes
I need a quick 1 paged analysis within 45 minutes
instructions: a An economist claims that ‘Minimum wage law increases labour productivity at the expense of lower employment’. Do you agree or disagree? Justify your answer with a diagram. b The price of televisions has been declining in Japan for the past few years. Explain how this affects the value of the marginal product of labour (VMPL), the equilibrium wage and the quantity of labour in television factories in Japan. Explain with a diagram.
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