let l denote the level of employment and w the hourly wage suppose that the supply of labor is given by ls 30 5w and that the demand for labor is ld 60 4w

discussion board 943
October 15, 2021
discussions week 3 2
October 15, 2021
0

let l denote the level of employment and w the hourly wage suppose that the supply of labor is given by ls 30 5w and that the demand for labor is ld 60 4w

Let L denote the level of employment (measured in thousands of worker hours), and W the hourly wage. Suppose that the supply of labor is given by LS = −30+5W and that the demand for labor is LD = 60−4W.

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