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Suppose that wooden boxes are produced under conditions of perfect competition and that the price of a box is $10. The demand and supply curves for the workers who make these boxes are given in the table.
Wage per dayWorkers demandedWorkers
supplied$1006,00012,000807,00010,000608,0008,000409,0006,0002010,0004,000
Plot the demand and supply curves for labor, and determine the equilibrium wage for box makers.
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