How many people are in the labor market when it is balanced

Reference no: EM133426057

Question: In the labor market, supply is described by the equation (W-16)/0.0017 = L

and demand is described by W = -0.0014L+204 W is the wage (price of labor) and L is the number on the labor market (quantity)

How many people are in the labor market when it is balanced?

If the number is higher than 1000, do not put a point to separate the thousand (do not stamp 1,000) because then the system could interpret the point as a decimal.

Reference no: EM133426057

Questions Cloud

Religion into arena of epistemology : Western culture seems unique in that we seem to force religion into the arena of epistemology.

What are the five stages of asset life cycle : What are the five stages of asset life cycle? Name and explain each.

How much money will be available to the depositer at the end : how much money will be available to the depositer at the end of 16 years?

Explain which type of growth yields the better welfare : Explain which type of growth yields the better welfare outcomes for small developing countries and identify relevant policy implications

How many people are in the labor market when it is balanced : How many people are in the labor market when it is balanced? If the number is higher than 1000, do not put a point to separate the thousand

Kantian ethics provide better basis for libertarianism : Does utilitarianism or Kantian Ethics provide a better basis for libertarianism? Consider especially the writings of Kant, Mill, Rand, Hospers and Dworkin.

What is an assessment process to measure an document worker : What is an assessment process to measure an document worker knowledge and skills in a specialized segment of the information technology field?

How does the european union compare and contrast : How does the European Union compare and contrast to the NAFTA region in size, institutional structure, and depth of integration? Find one news article about

Exploring the models of communication : Exploring the models of communication, Business Essentials provided some insight to: the four functions of the management process.

User Account

All Pages