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Economics

Suppose that aggregate production function in a particular economy is given by

Y = (N/60)[5080 â€“ N]

Where N is the size of the labor force

Using the simple profit function? = P Y â€“ w N, derive the aggregate demand for labor (N^d) that is associated with the aggregate production function given above.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229898

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