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Economics

The wage elasticity of labor supply for women aged 18-25 is measured to be 0.3. Within this group, the average weekly wage of the high-school graduates is 2/3 the amount of college graduates. Assume that wage elasticity and all other individual characteristics are the same across the education groups.

If female college graduates offer 41 hours of work per week, what would be the labor supply of female high school graduates?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9500017

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