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Value of employer surplus in model

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Reference no: EM131229998

The following questions (1-4) are based on LS = -38+4W and LD = 95-3W

  • What is the value of employer surplus in this model?
  • What is the value of worker surplus in this model?
  • What is the value of dead weight loss in this model?
  • What is the change in total surplus based on the imposition of a wage ceiling at $17?

Reference no: EM131229998

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