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8. (10 points) In a town the demand for math tutors is given by the equation Lo=65- W, where D= number of math tutors an
Posted: Sun Jun 05, 2022 4:18 pm
by answerhappygod
- 8 10 Points In A Town The Demand For Math Tutors Is Given By The Equation Lo 65 W Where D Number Of Math Tutors An 1 (32.66 KiB) Viewed 34 times
8. (10 points) In a town the demand for math tutors is given by the equation Lo=65- W, where D= number of math tutors and W = hourly wage. The supply curve Ls = 5 + 2W. a. Calculate the equilibrium wage and number of math tutors in the town and graph the demand and supply curve. c. If the town mayor imposes a payroll tax of $5 on the employers, how will it affect the equilibrium wage and equilibrium number? How much revenue will the government get through this?