Suppose the marginal product of labor is MPN = 200 - 0.5Nwhere N is aggregate employment. The aggregate quantity of labor supplied is 100 + 4w, where w is the real wage. The government imposes a minimum wage of 60. What is the quantity of employment?

A firm's short-run cost functions depend primarily on the firm's production function and the prices of the inputs to production

Indicate whether the statement is true or false

? In the market shown in Exhibit 3-15, the equilibrium price and quantity of good X are:  

A. $0.50, 250. B. $2.00, 300. C. $2.00, 100. D. $1.00, 200.