Please help me with this physics problem

In an economy, the demand for labor is given by the equation W = 15 - (1/200) L and the supply of labor is given by the equation

mr_godi [17]

Answer:

the equilibrium wage rate is 10 and the equilibrium quantity of labor is 1000 workers

Explanation:

The equilibrium wage rate and the equilibrium quantity of labor are found as the point where the equation of demand intercepts the equation of supply, so the equilibrium quantity of labor is:

$W_{Demand} = W_{Supply}$

15 - (1/200) L = 5 + (1/200) L

15 - 5 = (1/200) L + (1/200) L

10 = (2/200) L

(10*200)/2 = L

1000 = L

Then, the equilibrium wage rate is calculated using either the equation of demand for labor or the equation of supply of labor. If we use the equation of demand for labor, we get:

W = 15 - (1/200) L

W = 15 - (1/200) 1000

W = 10

Finally, the equilibrium wage rate is 10 and the equilibrium quantity of labor is 1000 workers

7 0

3 years ago

Use the ratio version of Kepler’s third law and the orbital information of Mars to determine Earth’s distance from the Sun. Mars

zhuklara [117]

Kepler's third law is used to determine the relationship between the orbital period of a planet and the radius of the planet.

The distance of the earth from the sun is $1.50 \times 10^{11}\;\rm m$ .

<h3>What is Kepler's third law?</h3>

Kepler's Third Law states that the square of the orbital period of a planet is directly proportional to the cube of the radius of their orbits. It means that the period for a planet to orbit the Sun increases rapidly with the radius of its orbit.

$T^2 \propto R^3$

Given that Mars’s orbital period T is 687 days, and Mars’s distance from the Sun R is 2.279 × 10^11 m.

By using Kepler's third law, this can be written as,

$T^2 \propto R^3$

$T^2 = kR^3$

Substituting the values, we get the value of constant k for mars.

$687^2 = k\times (2.279 \times 10^{11})^3$

$k = 3.92 \times 10^{-29}$

The value of constant k is the same for Earth as well, also we know that the orbital period for Earth is 365 days. So the R is calculated as given below.

$365^3 = 3.92\times 10^{-29} R^3$