Business, 22.11.2019 07:31, walkerobrien5

Consider a perfectly competitive labor market in which the demand for labor is given by e = 24,000 – (2,000/3)w, and the supply of labor is given by e = –8,000 + 2,000w. in these equations, e is the number of employee-hours per day, and w is the hourly wage.
what is the equilibrium number of employee-hours each day?

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Consider a perfectly competitive labor market in which the demand for labor is given by e = 24,000 –...