Aggregate production function in a particular economy

Reference no: EM13690332

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.

Reference no: EM13690332

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