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Economics

1. Nonage Determinants of Labor Supply Suppose that two jobs are exactly the same except that one is performed in an air-conditioned workplace. How could you measure the value workers attach to such a job amenity?

2. Why Wages Differ? Why might permanent wage differences occur between different markets for labor or within the same labor market?

3. Industrial Unions Review the logic underlying Exhibit 5. Then determine the effect, on the industry and a typical firm, of an increase in the demand for industry output. Show your conclusions on a graph. Does the magnitude of the increase in demand make a difference?

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Microeconomics, Economics

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