Explain upward sloping supply curve

Reference no: EM13177077

Consider a firm that faces an upward sloping supply curve.

since the firm faces an upward sloping curve, it will not pick E* (equilibrium level of employment)
How will it decide how much labor to employ, and how will this equilibrium level of employment (E**) compare with E*? Explain the reason for the difference between E*and E**

Reference no: EM13177077

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