goldiecr12
New member
- Joined
- Mar 17, 2020
- Messages
- 8
Hello !
I have the following question in my public economics class : Suppose the labor demand is
and that the labor supply is where N is number of workers and w is the salary. Suppose also that the market for labor is competitive. 1) Find the values of N and w at equilibrium 2) Find the surplus of workers
I don't know how to find the values of N and w when i equalize demand and supply. Do i need to derive the supply equation and the demand equation ?
I have the following question in my public economics class : Suppose the labor demand is
I don't know how to find the values of N and w when i equalize demand and supply. Do i need to derive the supply equation and the demand equation ?