In the market for delivery truck drivers, L S = -45 + 5W and L D =
Question:
In the market for delivery truck drivers, LS = -45 + 5W and LD =
180 - 10W, where L = number of workers and W = wage in dollars per hour. In the market for librarians, LS = -15 + 5W and LD = 190 - 10W. Find the equilibrium wage and employment level in each occupation, and explain what will happen if a comparable-worth law mandates that the librarians’ wage be increased to equal the delivery truck drivers’ wage. Use a graph.
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Related Book For
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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