... .8(150*8*L12− 75L)∂π∂L= 480L−12− 60= 0L = 64q = 64π= 3840. 246 Chapter 14: Markets for Factor Inputs 232 CHAPTER 14 MARKETS FOR FACTOR INPUTS EXERCISES 1. Suppose that the wage rate is ... will result in a positive labor supply. Chapter 14: Markets for Factor Inputs IncomeThousands of Hours per Year$10,000$5,000 Figure 14. 2 Income After Tax Income Government Subsidy ... yields 4.5 hours per day. Similarly, if w = 60, solving for L yields 3 hours per day. 241 Chapter 14: Markets for Factor Inputs 242 7. The only legal employer of military soldiers in the United...