In WORKLAND,the Marginal Product of Labour (MPN)is Given by MPN

question 73

Multiple Choice

In WORKLAND,the marginal product of labour (MPN) is given by MPN = 100 - N,where N is the amount of labour used,and the labour supply by NS = 10 + 5w + 2T,where w is the real wage and T is a lump-sum tax.What is the equilibrium real wage in WORKLAND,if T = 21?

• A)6
• B)10
• C)8
• D)5

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Definitions:

ACh Agonists

Chemicals that mimic or enhance the action of acetylcholine, a neurotransmitter involved in muscle activation and memory.

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, responsible for connecting the central nervous system to limbs and organs.

Somatic Nervous System

Part of the peripheral nervous system that is responsible for carrying sensory and motor information to and from the central nervous system.

Movement

The act or process of moving; a change of place or position, often referring to physical activity or migration.