ecn210 microeconomics principles week 7 resource markets

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I have to respond to a discussion answering the following questions in 250 words:

  • Describe how improving human capital increases wages. In your description, be sure to address the marginal product of labor.
  • Explain how rising wages could lead to a backward bending supply of the labor curve.
  • Discuss factors that could lead to an increase in the labor supply and the effect that shift would have on wages.

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