Assume that the company in the perfect competitive company and the labour demand are as listed: 𝐿𝐷1 = 10

[answerhappygod]

Assume that the company in the perfect competitive company
and the labour demand are as listed:
𝐿𝐷1 = 100 − 60𝑤
𝐿𝐷2 = 120 − 80𝑤

i.) then calculate/get the labour demand of the market
ii.) and suppose the labour supply of the market is as: 𝐿𝑆 = −40 +
100𝑤. then calculate the equilibrium wage rate
iii.) then also suppose/assume that the government starts
taxing the consumption of the outputs produced by this company,
which causes the quantity demanded Qd for the product to then
decrease. So as a derived demand, the labour demand of both
company/industry of the LD1 AND LD2 decrease by 10%. then calculate
the new labour demand of this market
iv.) and also then calculate the new equilibrium wage rate with the
effect of the tax