1. Business
  2. Economics
  3. help...

Question: help...

Question details

A small farming community has the following supply and demand curves, where W is the hourly wage rate. Ls =-20 + 10w LD-160-10W Question A Calculate the equilibrium level of employment Calculate the equilibrium wage level:$ What is the size of the labor force in equilibrium? Question EB Following a national story about the poor quality of life in the small town, migration shifts in the labor supply curve. The new labor supply curve is Ls-6010W Calculate the new equilibrium employment: Question C Calculate the total economic rent for all workers before the news story Calculate the total economic rent for all workers after the news story:help

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution