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[answered] Can anyone please help me work out and get the correct answ


Can anyone please help me work out and get the correct answers for these for homework questions

Buec 503


BUEC 503 Assignment

 

Question 1

 

Supply; Q=10000+25w

 

Demand; Q=20000-10w

 

Equilibrium wage and labor

 

Owing to the fact that, Supply=demand

 

Then;

 

10000+25W=20000-10w

 

35w=10000

 

W=10000/35

 

W=286...

 


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