Multiple Choice
The demand for labour can be expressed as Q = 10,000 - w and the supply of labour is Q = 5,000 + w where Q is total person- hours of work during the week and w is the weekly salary. How much compensation do the workers receive weekly?
A) 28,125,000
B) 43,750,000
C) 15,625,000
D) 18,750,000
Correct Answer:
Verified
Correct Answer:
Verified
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