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Graph the function.
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Labor Market
The supply and demand for labor, where workers find employment and employers find workers.
Equilibrium
A state in economics where demand equals supply, resulting in a stable market price and quantity.
Take Home Pay
The amount of income left after deductions such as taxes and retirement contributions are taken out of an individual's gross salary.
Labor Cost
The total expenditure faced by employers for the wages, benefits, and taxes associated with employing labor.
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