The implicit function related to labor supply

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Reference no: EM131096750

Suppose you are given the implicit function related to labor supply:

ln(N) - 2w²=0, where N = labor supply and w = the wage rate.

Use implicit differentiation to solve for the derivative: dN/dw

What is the value of this derivative when w = 10 and N = 5? Show all steps.

Reference no: EM131096750

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