Tuesday
March 31, 2015

Homework Help: Labor economics

Posted by anonymous on Tuesday, March 31, 2009 at 3:46pm.

The daily inverse demand curve for pet grooming is P=20-0.1Q. where P is the price of each grooming and Q is the number of groomings given each day. This implies that the Marginal revenue is MR=20-0.2Q Each worker hired can groom 20 dogs per day. What is the labor demand curve as a funciton of w, the daily wage the pet store takes as given.

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