World population growth crisis

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Q1. A new public to complete works project requires 200,000 hours of labor. But if the labor market is competitive and the market wage is $15/hour, what is the opportunity cost of the labor employed? Suppose there is unemployment among workers and some workers would be willing to work for $10/hour. If half of the labor hours are completed by the previously unemployed workers, what is the opportunity cost of the labor employed?

Q2. Evaluate the Malthusian population momentum treatise to the current world population growth crisis
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Reference no: EM138770

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