Question: given the labour supply function , i)w=180 perfectly competitive ii)w=200 5L a monopsony. a) find the expressions for TLC , ALC and MLC b) draw

given the labour supply function ,

i)w=180 perfectly competitive

ii)w=200 5L a monopsony.

a) find the expressions for TLC , ALC and MLC

b) draw the ALC and MLC function and comment on the relations between them

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