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:
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
Incomplete question as there is so much information is missing.The complete question is here
A car sits on an entrance ramp to a freeway, waiting for a break in the traffic. Then the driver accelerates with constant acceleration along the ramp and onto the freeway. The car starts from rest, moves in a straight line, and has a speed of 24 m/s (54 mi/h) when it reaches the end of the 120-m-long ramp. The traffic on the freeway is moving at a constant speed of 24 m/s. What distance does the traffic travel while the car is moving the length of the ramp?
Answer:
Distance traveled=240 m
Explanation:
Given data
Initial velocity of car v₀=0 m/s
Final velocity of car vf=24 m/s
Distance traveled by car S=120 m
To find
Distance does the traffic travel
Solution
To find the distance first we need to find time, for time first we need acceleration
So
As we find acceleration.Now we need to find time
So
Now for distance
So