Homework Help: economics

Posted by anonymous on Thursday, April 16, 2009 at 12:21am.

Can anyone get me started on this?
A country has 2 regions, the North and South, which are identical in all respects except for the hourly wage and number of workers. The demand for labor in the region is Wn=$20 - .5En and Ws=$20 - .5Es where En and Es are millions of workers. Currently there are 6 million workers in the North and 18 million workers in the South. What is the wage in each region?

economics - economyst, Thursday, April 16, 2009 at 9:06am
barring any exchange or movement between the two regions, and assuming all workers are hired,
Wn=20-.5(18) = 9
Ws=20-.5(6) = 17
economics - anonymous, Thursday, April 16, 2009 at 8:38pm
Thanks.

Is the first one supposed to equal 11?
economics - economyst, Friday, April 17, 2009 at 1:48pm
right, my bad.

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