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December 19, 2014

December 19, 2014

Posted by **Kathy** on Tuesday, May 26, 2009 at 5:24am.

$4 and 15 workers respectively.

$2.5 and 12.5 workers respectively.

$3.5 and 17.5 workers respectively.

$3.5 and 10 workers respectively.

- Microeconomics -
**economyst**, Tuesday, May 26, 2009 at 9:47amTo solve, I rewrote the supply and demand equations as W=f(Q). So: Ws = Qs/5 and Wd = 6 - Q/5. (So far, this is just algebra)

Now then, the $1 per worker subsidy has the effect of lowering the supply equation by $1 for all levels.

So, Ws' = Qs/5 - 1. Now set supply = demand and solve for Q.

That is Q/5-1 = 6-Q/5

Take it from here

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