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Suppose that the markup of goods prices over marginal cost is 10% Wage-setting equation: W= P(1- u) where u is the unemployment rate
Required:
a. What is the real wage, as determined by the price-setting equation?
b. What is the natural rate of unemployment?
Make sure to comprise a history of the company or industry or the market in which it operates.
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To increase marketplace share, Giuseppe would like to raise sales to 750 every week. Elucidate price should Giuseppe set.
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