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The Flows in a General Minimum Cost Network Flow Model

question 43

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The flows in a general minimum cost network flow model (MCNFM)all have to be from "left to right"; that is,from supply points to demand points.

Identify the effects of changes in the price level on real wages.
Understand the significance of labor demand and supply in determining employment and wage rates.
Recognize the impact of technology and capital on labor productivity and wages.
Analyze the role of unionization and its impact on wage rates.

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