Question: The <a href=labor supply curve of Zinedine is described by the equation h_Z = w – w_z / 2. The labor supp…” />

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Question: The labor supply curve of Zinedine is described by the equation h_Z = w – w_z / 2. The labor supp…
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Show transcribed image text The labor supply curve of Zinedine is described by the equation h_Z = w – w_z / 2. The labor supply curve of James is described by the equation h_J =w – w_J / 4. The labor supply curve of Pedro is described by the equation h_P = w – w_P / 3. Where w_i means the reservation wage of worker i. Suppose that the reservation wage of Zinedine is 10, the reservation wage of James is 20 and the reservation wage of Pedro is 5. Find and draw the market labor supply curve. Bonus 5% if you provide the equation that describes the market labor supply curve.

The labor supply curve of Zinedine is described by the equation h_Z = w – w_z / 2. The labor supply curve of James is described by the equation h_J =w – w_J / 4. The labor supply curve of Pedro is described by the equation h_P = w – w_P / 3. Where w_i means the reservation wage of worker i. Suppose that the reservation wage of Zinedine is 10, the reservation wage of James is 20 and the reservation wage of Pedro is 5. Find and draw the market labor supply curve. Bonus 5% if you provide the equation that describes the market labor supply curve.

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