Suppose labor supply is given by w=10+2L(s), where w denotes the wage. Labor demand is given by w= 100-L(d).

(a) Calculate the equilibrium labor quantity and the corresponding wage

(b) Now assume the city imposes an environmental tax of $10 per unit of labor on firms. As a result, companies will now lower their willingness to pay for labor by $10 per worker. The city uses the money to beautify the local park, which attracts many workers to the city. An economic consultant firm finds out the labor supply curve will shift because workers will be happy with a wage that is $16 lower than before the improvement. Calculate the new equilibrium wage and the new number of jobs. Compared to (a), will the number of jobs increase or decrease?

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not